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( Capital structure analysis ) Last year the Rondoelea Products Company had $ 1 3 3 million in annual sales and a net profit margin

(Capital structure analysis)Last year the Rondoelea Products Company had $ 133 million in annual sales and a net profit margin of 10.3 percent. In addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $ 39 million of debt outstanding with an average interest rate of 9.5percent, what is the firm's times interest earned ratio?

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