Using the following selected income statement data for KRJ Enterprises, calculate the interest coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00.

Sales	$13,205
Cost of goods sold	8,891
Cash operating expenses*	2,103
Depreciation and amortization expense	1,462
Operating earnings (EBIT)	7,003
Interest expense	525
Tax expense	847

*included in cash operating expenses are $771 of operating lease expenses

In addition, $215 of interest was capitalized during the year and debt principal of $1,278 was repaid.