Babbitt Corporation has provided the following data from its most recent income statement: 
Required:
Compute the times interest earned ratio.Show your work!
Definitions:
Cost Generation
Relates to the creation or incurrence of costs or expenses in the production of goods or services.
Controllable Margin
The portion of profit or margin that can be influenced by managing operating costs and expenses.
Operating Data
Information related to the day-to-day functions and performance of a business, used for analysis and decision making.
Contribution Margin
The difference between a company's sales revenue and its variable costs.
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