At December 31, 20X2, Lexor Corp. had a long-term note payable in the amount of $100,000 with the balance due in 5 years. Sales for 20X2 were $5,400,000 and expenses totaled $5,200,000, including $10,000 interest expense. What was Lexor Corp.'s times-interest-earned ratio for 20X2 (rounded to the nearest whole number)?
Box 1: Select the best answer
21