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In the past year, TVG had revenues of $3.1 million, cost of goods sold of $2.6...

In the past year, TVG had revenues of $3.1 million, cost of goods sold of $2.6 million and depreciation expense of $79,250. The firm has a single issue of debt outstanding with book value of $1.1 Million on which it pays an interest rate of 9%. What is the firm’s time’s interest earned ration? (Do not round intermediate calculations. Round your answer to 2 decimal places

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