CP 14-7 Times interest earned The following financial data (in thousands) were taken from recent financial statements of Staples, Inc.: Interest expense Earnings before taxes Year 2 Year 3 Year 1 $ 173,751 $214,824 $ 237,025 1,459,141 1,356,595 1,155,894 1. Determine the times interest earned ratio for Staples in Year 3, Year 2, and Year 1? Round your answers to one decimal place. 2. Evaluate this ratio for Staples.