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For the FY 2018, Frederick Company had net sales of $1,050,000 and net income of $55,000, paid income taxes of $30,000, and had before tax

For the FY 2018, Frederick Company had net sales of $1,050,000 and net income of $55,000, paid income taxes of $30,000, and had before tax interest expense of $17,500.Use this information to determine the Times Interest Earned Ratio.(Round your answers to one decimal place)

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