Alessandra Makeup Manufacturers provided the following income statement for last year:…

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Alessandra Makeup Manufacturers provided the following income statement for last year:

Sales……………………………………$51,350,000

Cost of goods sold………………………19,250,000

Gross margin……………………………$32,100,000

Operating expenses………………………6,200,000

Operating income………………………$25,900,000

Interest expense……………………………9,500,000

Income before taxes……………………$16,400,000

Income taxes………………………………6,560,000

Net income……………………………..$ 9,840,000

Required:

Calculate the times-interest-earned ratio.

Alessandra Makeup Manufacturers provided the following income statement for last

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