Times-Interest-Earned Tsao Company provided the following income statement for last year: Sales Cost of goods sold $16,650,000 6,500,000 Gross margin Operating expenses Operating income $10,150,000 3,750,000 $6,400,000 Interest expense 500,000 Income before taxes $5,900,000 Income taxes 1,650,000 $4,250,000 Net income Required: Calculate the times-interest-earned ratio. Round your answer to one decimal place. times