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(Capital structure analysis) Last year the Rondeelea Products Compary had $140 milion in annual sales and a net profit margin of 10.0 percent. In addition,

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(Capital structure analysis) Last year the Rondeelea Products Compary had \$140 milion in annual sales and a net profit margin of 10.0 percent. In addition, Riondooles's averago tax fate was 30 percent. If Rondoelea had $40 million of debt outstanding with an everage inlorest rate of 10.0 porcent, what is the frm's imes interest eamed ratio? The smes inerest earnod rato is Emes. (Pound to ono decimal place)

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