eBook Show Me How Times interest earned Averill Products Inc. reported the following on the company's income statement in 2018 and 2019: 2019 2018 Interest expense $450,000 $400,000 Income before income tax expense 5,715,000 4,600,000 a. Determine the times interest earned ratio for 20Y8 and 2019. Round to one decimal place. 2019 20Y8 Times Interest Eamed b. Is the change in the times interest earned ratio favorable or unfavorable? Favorable Feedback a. (Income Before Income Tax Expense Interest Expenseyinterest Expense to obtain the ratio b. This to computes the number of times interest payments could be paid out of current period earnings. High values are considered favorable DELL