Assume the interest on the bonds listed below will be Cooper River$$s only interest

expense for $20$Y$5$ and $20$Y$6.$ Calculate the company$$s times interest earned ratio for the

two years and determine if the change is favorable or unfavorable. Round answers to

two decimal places.

$20$Y$620$Y$5$

$10\%$ bonds $$1,300,000$ $$1,200,000$

Income before income tax expense $1,025,000920,000$

Interest expense $($Bonds outstanding $\backslash$times $10\%)130,000120,000$