Sales are $2.30 million, cost of goods sold is $635,000, depreciation expense is $157,000, other...
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Finance
Sales are $2.30 million, cost of goods sold is $635,000, depreciation expense is $157,000, other operating expenses is $307,000, addition to retained earnings is $722,625, dividends per share are $1, tax rate is 21 percent, and number of shares of common stock outstanding is 97,000. 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.)
Interest earned
times
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