What was the times interest earned ratio

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Reference no: EM13263709

For the most recent year, Grohl, Inc., had sales of $440,000, cost of goods sold of $219,100, depreciation expense of $58,800, and additions to retained earnings of $51,000. The firm currently has 25,000 shares of common stock outstanding, and the previous year's dividends per share were $1.25. Assuming a 34 percent income tax rate, what was the times interest earned ratio?

Reference no: EM13263709

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