Reference no: EM133121466

For the most recent year, Camargo, Inc., had sales of $554,000, cost of goods sold of $246,230, depreciation expense of $62,900, and additions to retained earnings of $75,300. The ?rm currently has 22,500 shares of common stock outstanding and the previous year's dividends per share were $1.35. Assuming a 25 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., 3216J