Sunland Corporation began operations January 1, 2022. Given the below information for Sunland Corporation:

Sunland Corporation Statement of Financial Position December 31
		2023		2022
Cash		$14,800		$10,300
Accounts Receivable		23,000		19,100
Inventory		14,400		14,500
Total Current Assets		52,200		43,900
Property, Plant & Equipment		71,400		71,400
Total Assets		123,600		115,300
Accounts Payable		11,000		10,000
Deferred Revenue		16,200		20,200
Note Payable (due 2026)		47,800		47,800
Total Liabilities		75,000		78,000
Common Shares		20,000		20,000
Retained Earnings		28,600		17,300
Shareholders' Equity		48,600		37,300
Total Liabilities & Equity		123,600		115,300

Sunland Corporation Statement of Income For the year ending December 31
		2023		2022
Sales		$229,900		$122,700
Cost of goods sold		142,200		83,300
Gross margin		87,700		39,400
Operating expenses		63,800		24,800
Interest expense		4,500		2,400
Income before income tax		19,400		12,200
Income tax expense		3,880		2,440
Net income		15,520		9,760

Calculate times interest earned ratios. (Round answers to 2 decimal places, e.g. 15.25.)

		2023		2022
Times interest earned ratios	?	times	?	times

Identify for each whether or not there has been a year-over-year improvement or deterioration.

The times interest earned has (decreased/increased) year-over-year indicating (an improvement / a deterioration).