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 Sales Revenue Cost of Goods Sold Gross Profit Selling. General, and Administrative Expenses Interest Expense Incone before Income Tax Expense Income Tax Expense Net Income 2016 $120,000 70,000 50,000 38,000 700 11.309 12.500 38,800 2015 $150,000 79,500 70,500 41,000 575 28,925 7,000 $ 21,925 Required: 1. Compute the times interest eamed ratios for 2016 and 2015 (Round your answers to 1 decimal place.) Timos interest Earned 2015 2016 2. Does Computer Tycoon generate sufficient net income in both years before taxes and interest) to cover the cost of debt financing Yes NO