PLEASE SHOW THE WORK 7. For the most recent year, Wanda's Candles, Inc., had sales of $426,000, cost of goods sold of $105,000, depreciation expense of $49,000, and additions to retained earnings of $63,750. The firm currently has 25,000 shares of common stock outstanding, and the previous year's dividends per share were $1.70. Assuming a 34 percent income tax rate, what was the times- interest-earned ratio