Problem 4-11 Times Interest Earned (LO3) In the past year, TVG had revenues of $3.01 million, cost of goods sold of $2.51 million, and depreciation expense of $154,580. The firm has a single issue of debt outstanding with book value of $1.01 million on which it pays an interest rate of 9%. What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Times interest earned