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For the most recent year, Camargo, Inc., had sales of $594,000, cost of goods sold of $255,330, depreciation expense of $67,900, and additions to retained
For the most recent year, Camargo, Inc., had sales of $594,000, cost of goods sold of $255,330, depreciation expense of $67,900, and additions to retained earnings of $80,300. The firm currently has 27,500 shares of common stock outstanding and the previous year's dividends per share were $1.64. Assuming a 25 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Times interest earned times
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