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The Sanchez Company reported the following: Year 3 Year 2 Year 1 Revenue 32,000 28,000 26,000 Cost of goods sold 28,400 25,600 22,500 Cash 3,200

The Sanchez Company reported the following:

Year 3 Year 2 Year 1
Revenue 32,000 28,000 26,000
Cost of goods sold 28,400 25,600 22,500
Cash 3,200 2,920 3,500
Net income 3,558 2,340 3,465
Accounts receivable 640 710 600
Notes payable 18,000 21,000 19,000
Inventory 1,700 2,020 1,800
Tax expense 30 40 20
Equipment 18,800 19,400 20,000
Interest expense 12 20 15
Accounts payable 1,200 900 1,000

What is the company's times interest earned ratio for year 3? Round your final answer to one decimal place.

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