Reference no: EM132474063

Point 1: For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900, and additions to retained earnings of $74,300. The firm currently has 21,500 shares of common stock outstanding and the previous year's dividends per share were $1.25.

Question 1: Assuming a 23 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)