Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance Beginning Balance $ 39,000 $ 35,200 $ 72,000 $ 56,200 $ 61,900 $ 72,000 $ 172,900 $ 163,400 $ 531,000 $ 69,000 $ 550,400 $ 60,000 $ 156,000 $ 140,400 $ 132,000 $ 132,000 $ 375,000 $ 410,000 $ 531,000 $ 550,400 This Year Sales (all on account) $ 850,000 Cost of goods sold $ 493,000 Gross margin $ 357,000 Net operating income $ 173,375 Interest expense Net income $ 9,500 $ 114,712 Foundational 14-13 (Algo) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Check my wor