Question
Following is financial statement information for Rogex Corporation: net sales - $2,768; cost of goods sold - $1,210, depreciation - $360; interest expense $160;
Following is financial statement information for Rogex Corporation: net sales - $2,768; cost of goods sold - $1,210, depreciation - $360; interest expense $160; taxes $312; addition to retained earnings - $508; and dividends paid - $218. The interest coverage ratio for Rogex is
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