Sales are $1.47 million, cost of goods sold is $585,000, depreciation expense is $147,000, other...
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Accounting
Sales are $1.47 million, cost of goods sold is $585,000, depreciation expense is $147,000, other operating expenses is $297,000, addition to retained earnings is $132,050, dividends per share is $1, tax rate is 35 percent, and number of shares of common stock outstanding is 87,000. LaTonyas Flop Shops has no preferred stock outstanding.
Use the above information to calculate the times interest earned ratio for LaTonyas Flop Shops, Inc. (Round your answer to 2 decimal places.)
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