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The following financial information was obtained from the year ended 2018 income statements for Mason Automotive and Newman Automotive: (Click the icon to view the

image text in transcribed The following financial information was obtained from the year ended 2018 income statements for Mason Automotive and Newman Automotive: (Click the icon to view the financial information.) Requirements 1. Compute the times-interest-eared ratio for each company. Round to two decimals. 2. Which company was better able to cover its interest expense? Data Table Mason Newman Net income $ 25,825 $ 90,800 Income tax expense 7,350 36,560 Interest expense 250 3,200 Print Done ach company. Round to two decimals. b

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