(Capital structure analysis) Last year the Rondoelea Products Company had $138 million in annual sales and a net prasit margin of 10.6 percent. In addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $40 million of debt outstanding with an average interest rate of 9.5 percent, what is the firm's times interest earned ratio?
The times interest earned ratio is _______ times. (Round to one decimal place.)