QUESTION Use the following income statement information for de la Vega Medical Devices Corp. to calculate Times Interest Earned for 2018 and 2019. If the industry average is 9.2, please describe why the Times Interest Earned ratio is improving or getting worse from 2018 through 2019. 2019 500 250 2018 540 200 250 340 70 98 Sales Less: Cost of Goods Sold GROSS PROFIT Less: Operating Expenses EARNINGS BEFORE INTEREST & TAXES Less: Interest Expense EARNINGS BEFORE TAXES Less: Taxes NET INCOME 152 270 52 100 82 188 66 21 79 122