The following financial information was obtained from the year ended 2016 income statements for Cash Automotive and Bale Automotive: (Click the icon to view the financial information.) Requirements 1. Compute the times-interest-earned ratio for each company. 2. Which company was better able to cover its interest expense? Requirement 1. Compute the times-interest-earned ratio for each company. Begin by showing the formula for the times-interest-earned ratio. Times-interest-earned ratio = Now calculate the times-interest-earned ratio for each company. (Round the ratios to two decimal places.X.XX.) Requirement 2. Which company was better able to cover its interest expense? Automotive was better able to cover its interest expense