em from another browser. Import your favorites (Related to checkpoint 15.1 on page 509) (Coverage ratio analysis)The income statements for the Home Depot, Inc. (HD spanning the period 2006-2008 are found below: 15-9. 2008 2007 2006 Earnings before interest and taxes $7,316,000 $9,7000,000 $9,425,000 (696,000) 000 (143.000) Interest expense Income before tax $9,308,000 $6,620,000 $9,282,000 Income tax expense 2,410,000 3,547,000 444,000 Net income $4,210,000 5,761,000 $5,838,000 a. Calculate the times interest earned ratio for each of the years for which you have data. b. What is your assessment of how the firm's ability to service its debt obligations has changed over this period