Calculate the times-interest-earned ratio

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Question - Calculate the times-interest-earned ratio. Round your answer one decimal place.

Cost of goods sold $19,250,000

Gross margin $32,100,000

Operating expenses $6,200,000

Operating income $25,900,000

Interest expense $9,500,000

Income before taxes $16,400,000

Income taxes $6,560,000

Net income $9,840,000

Reference no: EM133062295

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