-earned ratio for each company. Round to two decimals. nterest- * X - Data Table Gold Peterson $ Net income Income tax expense Interest expense 75,080 $ 21,380 700 44,880 11,720 2,000 Print Done E 11-24 (similar to) The following financial information was obtained from the year ended 2018 income statements for Gold Automotive and Peterson Automotive: Click the icon to view the financial information.) Requirements 1. Compute the times-interest-eamed ratio for each company. Round to two decimals. 2. Which company was better able to cover its interest expense? Requirement 1. Compute the times-interest-earned ratio for each company, Round to two decimals. Begin by showing the formula for the times-interest-eamed ratio. Times-interest-earned ratio =