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M10-4 (Algo) Computing the Times Interest Earned Ratio LO10-3 Oak Corporation's financial statements for the current year showed the following: (Round your answers to 2

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M10-4 (Algo) Computing the Times Interest Earned Ratio LO10-3 Oak Corporation's financial statements for the current year showed the following: (Round your answers to 2 decimal places.) Income Statement Revenues Expenses Interest expense Pretax income Income tax (30%) Net income $1,000,000 (660,000) (22,600) 317,400 (95,220) $ 222,180 Compute Oak's times interest earned ratio. Times interest earned ratio

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