Markus Company$$s common stock sold for $$5\mathrm{.}75$ per share at the end of this year. The company paid a common stock dividend of $$0\mathrm{.}69$ per share this year. It also provided the following data excerpts from this year$$s financial statements:

Ending Balance Beginning Balance

Cash $ $51,000$ $ $46,000$

Accounts receivable $ $98,000$ $ $70,000$

Inventory $ $77,800$ $ $98,000$

Current assets $ $226,800$ $ $214,000$

Total assets $ $868,000$ $ $956,200$

Current liabilities $ $90,000$ $ $96,000$

Total liabilities $ $218,000$ $ $196,200$

Common stock, $$1$ par value $ $172,000$ $ $172,000$

Total stockholders$$ equity $ $650,000$ $ $760,000$

Total liabilities and stockholders$$ equity $ $868,000$ $ $956,200$

This Year

Sales $($all on account$)$ $ $1,160,000$

Cost of goods sold $ $672,800$

Gross margin $ $487,200$

Net operating income $ $352,750$

Interest expense $ $17,000$

Net income $ $235,025$

$13.$ What is the times interest earned ratio?