For the most recent year, Seether, Inc., had sales of $453,000, cost of goods sold of $217,800, depreciation expense of $57,500, and additions to retained earnings of $49,700. The firm currently has 38,000 shares of common stock outstanding, and the previous years dividends per share were $1.40. Required: Assuming a 31 percent income tax rate, what was the times interest earned ratio?