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Last year, Stevens, Inc. had sales of $420,000 with a cost of goods sold of $150,000....

Last year, Stevens, Inc. had sales of $420,000 with a cost of goods sold of $150,000. The firm's operating expenses were $150,000, and its increase in retained earnings was $63,000. There are currently 24,000 common stock shares outstanding and the firm pays a $1.50 dividend per share. Assume the firm's earnings are taxes at 21%. What is the firm's times interest earned ratio?

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