The following financial information was obtained from the year ended 2024 income statements for Gold Automotive, Inc. and Jennings Automotive, Inc.: (Click the icon to view the financial information.) X 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? Data table Gold Jennings 71,450 $ 92,380 Requirement 1. Compute the times-interest-earned ratio for each company. Round to two decimals. Net income $ Begin by showing the formula for the times-interest-earned ratio. Income tax expense 20,330 23,870 650 Interest expense 3,100 Times-interest-earned ratio (Net income + Income tax expense + Interest expense) - Interest expense = Now calculate the times-interest-earned ratio for each company. (Round the ratios to two decimal places, X.XX.) Gold Jennings Print Done Times-interest-earned ratio