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 Income before Income Tax Expense Income Tax Expense Net Income 2016 $100,000 60,000 4,000 36,009 500 3,580 1.000 $ 2,500 2015 $120,000 71,500 48,500 37,000 475 11,025 5,000 $ 6,025 Required: 1. Compute the times interest earned ratios for 2016 and 2015 (Round your answers to 1 decimal place.) Times Interest Earned 2015 2016