For the most recent year, Camargo, Inc., had sales of $606,000, cost of goods sold of $258,060, depreciation expense of $69,400, and additions to retained earnings of $81,800. The firm currently has 29,000 shares of common stock outstanding and the previous year's dividends per share were $1.70. Assuming a 23 percent income tax rate, what was the times interest earned ratio?

The stock of grommet corporation, a u. s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u. s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u. s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u. s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?