For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $492,300,

Fantastic news! We've Found the answer you've been seeking!

Question:

For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $492,300, depreciation expense of $61,200, additions to retained earnings of $48,560, and dividends per share of $2.18. There are 12,000 shares of common stock outstanding and the tax rate is 21 percent. What is the times interest earned ratio?