The times-interest-earned (IIE) ratio shows how well a firm can cover its interest payments with openaing income. Compare the income statements of Lost Pigeon Aviation and Hungry Whale Electronics Comparry and calculate the TIE ratio for each firm. Complete the following statement, based on the calculations you have already made. Describe the relationship between the TIE ratios of the two companies. Hungry Whale Electronics Company has a greater TIE ratio than Lost Pigeon Aviation. Lost Pigeon Aviation has a greater TIE ratio than Hungry Whale Electronics Company. The companies have equal TIE ratios. Which company is in betcer position to cover its interest payments, and therefore exhibits lower riak, than the other? Both companies are equally positioned to cover their interest payments. Hungry Whale Electronics Company is in a better position to cover its interest payment. Lost Pigeon Aviation is in a berker position to cover its interest payment