For the most recent year, Camargo, Inc., had sales of $550,000, cost of goods sold of $245,320, depreciation expense of $62,400, and additions to retained earnings of $74,800.

For the most recent year, Camargo, Inc., had sales of $550,000, cost of goods sold of $245,320, depreciation expense of $62,400, and additions to retained earnings of $74,800. The firm currently has 22,000 shares of common stock outstanding and the previous year’s dividends per share were $1.30.

Assuming a 24 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., 32.16.)

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jeff jeffy answered 2 years ago

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