According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipmer fell 3.8 percent between January and December 2016. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2016. Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 2016 $114,000 67,000 47,000 37,400 640 8,960 2,000 $ 6,960 2015 $141,000 77,100 63,900 39,800 545 23,555 6,400 $ 17,155 Required: 1. Compute the times interest earned ratios for 2016 and 2015. (Round your answers to 1 decimal place.) Times Interest Earned