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 $ 119,000 $ 148,500 Cost of Goods Sold 69,500 79,100 Gross Profit 49,500 69,400 Selling, General, and Administrative Expenses 37,900 40,800 Interest Expense 690 570 Income before Income Tax Expense 10,910 28,030 Income Tax Expense 2,500 6,900 Net Income $ 8,410 $ 21,130 Required: 1. Compute the times interest earned ratios for 2016 and 2015. (Round your answers to 1 decimal place.) 2. Does Computer Tycoon generate sufficient net income in both years (before taxes and interest) to cover the cost of debt financing? multiple choice Yes No