For the most recent year, Camargo, Inc., had sales of $614,000, cost of goods sold of $259,880, depreciation expense of $70,400, and additions to retained earnings of $82,800. The firm currently has 30,000 shares of common stock outstanding and the previous year's dividends per share were $1.74. 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.)