Question: Please answer to this question. Answer in the box could be correct. I need to double check. Thank you! In the past year, TVG had

Please answer to this question. Answer in the box could be

Please answer to this question. Answer in the box could be correct. I need to double check. Thank you!

In the past year, TVG had revenues of $3.08 million, cost of goods sold of $2.58 million, and depreciation expense of $51,800. The firm has a single issue of debt outstanding with book value of $1.08 million on which it pays an interest rate of 10%. What is the firm's times interest earned ratio? (Round your answer to 2 decimal places.) Times interest earned 4.15

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