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 Revenge $104,000 $126.000 Coat of Goods Sold 62,000 73, 100 Gross Profit 42.000 52, 900 Selling. General, and Administrative Expenses 36,400 37.800 Interest Expense 540 495 Tnicome before Income Tax Expense 5,060 14, 605 Income Tax Expense 1,000 5,400 Net Income $ 4,060 $ 9,205 Required: 1. Compute the times interest eamed ratios for 2016 and 2015. (Round your answers to 1 decimal place.) 2015 2016 Times Interest Earned 103 30.5 2 Does Computer Tycoon generate sufficient net income in both years before taxes and interest) to cover the cost of debt financing Yes No