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Alex. Co. has sales of $6,450,000, total assets of $1,850,000, and total liabilities of $650,000, which consist of bonds. The firm's operating profit margin is

Alex. Co. has sales of $6,450,000, total assets of $1,850,000, and total liabilities of $650,000, which consist of bonds. The firm's operating profit margin is 18%, and it pays a 12% rate of interest on its bonds. How much is the Alex. Co. interest coverage ratio?

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