Calculate the times interest earned ratio for latonya

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Sales are $1.47 million, cost of goods sold is $585,000, depreciation expense is $147,000, other operating expenses is $297,000, addition to retained earnings is $132,050, dividends per share is $1, tax rate is 35 percent, and number of shares of common stock outstanding is 87,000. LaTonya's Flop Shops has no preferred stock outstanding.

Problem 1: Use the above information to calculate the times interest earned ratio for LaTonya's Flop Shops, Inc. (Round your answer to 2 decimal places.)

Reference no: EM132764026

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