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For the most recent year, Camargo, Incorporated, had sales of $602,000, cost of goods sold of $257,150, depreciation expense of $68,900, and additions to retained
For the most recent year, Camargo, Incorporated, had sales of $602,000, cost of goods sold of $257,150, depreciation expense of $68,900, and additions to retained earnings of $81,300. The firm currently has 28,500 shares of common stock outstanding and the previous year's dividends per share were $1.68. 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. 4 Times interest earned times
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