For the most recent year, Seether, Inc., had sales of $446,000, cost of goods sold of $218,500, depreciation expense of $58,200, and additions to retained earnings of $50,400. The firm currently has 31,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.30.
Assuming a 35 percent income tax rate, what was the times interest earned ratio?