For the most recent year, Camargo, Incorporated, had sales of $582,000, cost of goods sold of $252,600, depreciation expense of $66,400, and additions to retained earnings of $78,800. The firm currently has 26,000 shares of common stock outstanding and the previous year's dividends per share were $1.58. Assuming a 22 percent income tax rate, what was the times interest earned ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Times interest earned times