For the most recent year, Camargo, Inc., had sales of $558,000, cost of goods sold of $247,140, depreciation expense of $63,400, and additions to retained earnings of $75,800. The firm currently has 23,000 shares of common stock outstanding and the previous years dividends per share were $1.40.

Assuming a 21 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.)