SmartCo. has the following selected information for 20x6 and 20X7: Interest expense Income taxes Cash flow from operations Finance lease payments Principal repayments 20x7 2006 $ 42,500 $ 51,500 $207,300 $208,300 $579,700 $856, 400 $299,000 $614,000 $167,70 $267,300 The company pays taxes at the rate of 24%. Required: a. Calculate the times debt-service-earned ratio for 20x6 and 20x7. (Use 365 days in a year. Do not round your intermediate calculations and round your final answers to 1 decimal place.) 20X7 20X6 Times-debt-Service-eamed