For the most recent year, Seether, Inc., had sales of $452,000, cost of goods sold of $217,900, depreciation expense of $57,600, and additions to retained earnings of $49,800. The firm currently has 37,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.35. Assuming a 30 percent income tax rate, what was the times interest earned ratio.