Calculate the times-interest-earned ratio for each year and also state the percentage change in the ratio.

31, 2016 31, 2017

Net Income $ 81,510 $ 210,570

Income Tax Expense 55,910 103,505

Interest Expense 6,595 59,505

EBIT $ 144,015 $ 373,580

Times-interest-earned ratio (EBIT / Interest Expense) xx xx

Percentage Change [(xx - xx) / xx 100 ] xx%