The following are some figures from Laura Sweet Companys 2020 financial statements: (in thousands)

Cash $213

AR 341

Inventory 327

Net PP&E 6,571

AP 250

Note Payable 1,474

Long-term Debt 2,386

Common Shares 1,200

Retained Earnings 2,336

Sales 4,184

COGS 2,664

Depreciation 570

Interest 535

Income Tax 77

Required: Calculate the following ratio (round your answer to two decimals, percentage should be expressed with decimals, e.g. 14% = 0.14) Cash Coverage Ratio