For the most recent year, Camargo, Inc., had sales of $538,000, cost of goods sold of $242,590, depreciation expense of $60,900, and additions to retained earnings of $73,300. The firm currently has 20,500 shares of common stock outstanding and the previous years dividends per share were $1.15.

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.)