Assume a company's Income Statement for Year 12 is as follows:

Income Statement Data	Year 12 (in 000s)
Net Revenues from Footwear Sales	$ 600,000
Cost of Pairs Sold	370,000
Warehouse Expenses	55,000
Marketing Expenses	100,000
Administrative Expenses	15,000
Operating Profit (Loss)	60,000
Interest Income (Expense)	(12,000)
Pre-tax Profit (Loss)	48,000
Income Taxes	14,400
Net Profit (Loss)	$ 33,600

Based on the above income statement data and the formula for calculating the interest coverage ratio described in the Help section for p. 5 of the Footwear Industry Report, the company's interest coverage ratio is