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In the past year, TVG had revenues of $ 3 . 0 7 million, cost of goods sold of $ 2 . 5 7 million,

In the past year, TVG had revenues of $3.07 million, cost of goods sold of $2.57 million, and depreciation expense of $105,170. The
firm has a single issue of debt outstanding with book value of $1.07 million on which it pays an interest rate of 9%. What is the firm's
times interest earned ratio?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Times interest earned
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