Problem $3-32$ Calculating the Times Interest Earned Ratio $[$LO $2]$

For the most recent year, Camargo, Incorporated, had sales of $$582,000,$ cost of goods sold of $$252,600,$ depreciation expense of $$66,400,$ and additions to retained earnings of $$78,800.$ The firm currently has $26,000$ shares of common stock outstanding and the previous year's dividends per share were $$1\mathrm{.}58.$ Assuming a $22$ percent income tax rate, what was the times interest earned ratio?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

Times interest earned

$0\mathrm{.}98$

times