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Calculations for Times Interest Earned

What is Company A' times interest earned given the following?
sales = 220,000
total interest charges = $20,000
net profit margin = 6%
tax rate = 40%
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I know that TIE = EBIT/Interest

But to get the answer I believe I have to manipulate other formulas, but am not sure which ones. Any assistance will be helpful. Thank you.

Solution Preview

Net Profit= 6% of 22000
13200
Profit before tax= Net Profit/(1-tax rate)
=13200/(1-.4)
=$22000

EBIT=Profit before ...

Solution Summary

This solution provides step by step calculations for times interest earned.

$2.19