The following financial Information was obtained from the year ended 2018 Income statements for Junk Automotive and Clark Automotive: BE! (Click the icon to view the financial information.) Data Table Requirements 1. Compute the times-interest-earned ratio for each company. Round to two decimals. 2. Which company was better able to cover its interest expense? Junk Clark $ 76,080 Requirement 1. Compute the times interest earned ratio for each company. Round to two decimals Begin by showing the formula for the times-interest-eared ratio. Times-interest-eamed ratio = (Net income + Income tax expense + Interest expense) / Interest expense Now calculate the times-interest eamed ratio for each company. (Round the ratios to two decimal places, Xxx.) Net Income Income tax expenso 63,630 S 18,100 550 25,040 3,200 Interest expense Junk Clark Print Done Times-interest-eamed ratio