Required information The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 51,000 $ 46,000 Accounts receivable $ 98,000 $ 70,000 Inventory $ 77,800 $ 98,000 Current asset $ 226,800 $ 214,000 Total arts $ 868,000 $956,200 Current liabilities $ 90,000 $ 96,000 Total liabilities $ 219,000 $ 196,200 Connon stock, $1 par value $ 172.000 $ 172,000 Total stockholders equity $ 650.000 $760,000 Total abilities and stockholders $ 868,000 equity $ 956,200 Sales (all on account) Cost of goods sold drons margin Bet operating Income Interest expense Het income This Year $1,160,000 672,000 $ 487,200 $ 352, 750 $ 17,000 $ 235,025 12. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Timesteamed rallo