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. Let's 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$117,000$145,500

Cost of Goods Sold68,50078,300

Gross Profit48,50067,200

Selling, General, and Administrative Expenses37,70040,400

Interest Expense670560

Income before Income Tax Expense10,13026,240

Income Tax Expense2,5006,700

Net Income$7,630$19,540

Required:

1.Compute the times interest earned ratios for 2016 and 2015.(Round your answersto 1 decimal place.)