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Sales are $1.90 million, cost of goods sold is $620,000, depreciation expense is $154,000, other operating expenses is $304,000, addition to retained earnings is $488,625,
Sales are $1.90 million, cost of goods sold is $620,000, depreciation expense is $154,000, other operating expenses is $304,000, addition to retained earnings is $488,625, dividends per share are $1, tax rate is 21 percent, and number of shares of common stock outstanding is 94,000 . LaTonya's Flop Shops has no preferred stock outstanding. Use the above information to calculate the times interest earned ratio for LaTonya's Flop Shops, Inc. (Round your answer to 2 decimal places.)
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