Selected financial statement data (in $ thousands) for KRJ Enterprises are listed below, calculate the interest coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales $10,183

Cost of goods sold 5,676

Cash operating expenses 1,844

Depreciation expense 497

Interest expense 174

Tax expense 213

Footnotes report that $240 of lease expenses are included in cash operating expenses, $26 of interest expenditures were capitalized during the year, and $538 of debt was repaid during the year.