For the most recent year, Camargo, Inc., had sales of $534,000, cost of goods sold of $241,680, depreciation expense of $60,400, and additions to retained earnings of $72,800. The firm currently has 20,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.35. The tax rate was 22 percent. What was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)