According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2016. Lets see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2016.

	2016				2015
Sales Revenue		$	112,000			$	138,000
Cost of Goods Sold			66,000				76,300
Gross Profit			46,000				61,700
Selling, General, and Administrative Expenses			37,200				39,400
Interest Expense			620				535
Income before Income Tax Expense			8,180				21,765
Income Tax Expense			2,000				6,200
Net Income		$	6,180			$	15,565

1. Compute the times interest earned ratios for 2016 and 2015. (Round your answers to 1 decimal place.)* I also tried 14.2 and 41.7 but it's incorrect. Please show work

According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equip 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 $112,000 66,000 46,000 37,200 620 8,180 2,000 $ 6,180 2015 $138,000 76,300 61,700 39,400 535 21,765 6,200 $ 15,565 Required: 1. Compute the times interest earned ratios for 2016 and 2015. (Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Times Interest Earned 14.1 x 2015 2016 41.6 X