s e:1 of 4 pts E11-24 (book/static) Click the icon to view the financial information) 6016 (6 complete) HW S information was obtained from the year ended 2018 income statements for Cash Automotive and Pennington Automotive quirements Compute the tines-interest-earned ratio for each company Round to two decimals Which company was better able to cover its interest expense? Data TN equirement 1.Compute the times-interest-earned ratio for each Begin by showing the formula for the times-interest-earned ratio company Round to two decimals Times-interest-eared ratio (Net income + Income tax expense + interest expense)/Imerest expense company, (Round the ratios to two decimal places X30) Pennington Cash Pennington 5 26070 $ 74.188 9,270 27 080 2 900 Now calculate the times-interest-eamed ratio for each Net income Income lax expense Interest expense Cash 300 Times-interest-eamed ratio Prim Done Enter any number in the eat tields and then click Check Answer am aining pe here to search