On December 31, 2024, Mixon, Inc. reported the following income statement: Sales revenue $120,000,000 Cost of goods sold 80,000,000 Gross profit 40,000,000 operating expenses 26,000,000 interest expense 1,200,000 tax expense 860,000 calculate mixon's times interest earned ratio at December 31, 2024

On December 31, 2024, Mixon, Inc. reported the following Income Statement: Calculate Mixon's Times Interest Earned ratio at December 31, 2024. (Round ratio to 2 decimal places, e.g. 12.55.) Times Interest Earned ratio times