The following information was taken from Crazy A Corporationfinancial statements as of the end of Year 2. Net sales $500,000Cost of goods sold 300,000 Operating expenses 100,000 Interestexpense 58,000 Income taxes expense 12,000 Total assets 180,000Year 1 ending balance $150,000 Total liabilities 120,000 Year 1ending balance $100,000 Total equity 60,000 Year 1 ending balance $45,000 Crazy A’s times interest earned ratio is:
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