You are considering purchasing the preferred stock of a firm but are concerned about its capacity to pay the dividend. To help allay that fear, you compute the times-preferred-dividend-earned ratio for the past three years from the following data taken from the firms financial statements: Year 20X1 20X2 20X3 Operating income $ 19,000,000 $ 18,000,000 $ 19,000,000 Interest 9,200,000 8,500,000 8,300,000 Taxes 4,700,000 5,800,000 5,700,000 Preferred dividends 1,500,000 800,000 800,000 Common dividends 2,700,000 2,100,000 Round your answers to two decimal places.

20X1:

20X2:

20X3: