The following financial information was obtained from the year ended $2024$ income statements for Green Automotive and Leihman Automotive:

$($Click the icon to view the financial information.$)$

Requirements

Compute the times$-$interest$-$earned ratio for each company. Round to two decimals.

Which company was better able to cover its interest expense? $q,$

Requirement $1.$ Compute the times$-$interest$-$earned ratio for each company. Round to two decimals.

Begin by showing the formula for the times$-$interest$-$earned ratio.

Times$-$interest$-$earned ratio $=$

Data table

$\backslash$table$[[,,$Green,Leihman$],[$Net income,$$,71,450$$$,67,070],[$Income tax expense,,$20,330,17,340],[$Interest expense,,$650,2,300]]$