Problem 4-11 Times Interest Earned (LO3) In the past year, TVG had revenues of $3.05 million, cost of goods sold of $2.55 million, and depreciation expense of $80,000. The firm has a single issue of debt outstanding with book value of $1.05 million on which it pays an interest rate of 10%. What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Times interest earned