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A firm has the following account balances; Sales $43,291,000, Taxes $3,498,000, Selling, General & Admin Expenses $2,548,900, Interest Expense $1,000,000, Cost of Goods Sold $34,200,000.

A firm has the following account balances; Sales $43,291,000, Taxes $3,498,000, Selling, General & Admin Expenses $2,548,900, Interest Expense $1,000,000, Cost of Goods Sold $34,200,000. What is the firms Times Interest Earned ratio? (Round to 2 decimal places)

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