Times interest earned Averill Products Inc. reported the following on the company's income statement in 2008 and 2049: 2019 2018 Interest expense $440,000 $400,000 Income before income tax expense 5.544,000 4,400,000 a. Determine the times interest eamed ratio for 208 and 2009. Round to one decimal place 2049 2098 Times Interest Earned b. Is the change in the times interest earned ratio favorable or unfavorable? Favorable Oy Work 3. Uncome before Income Tax Expense Interest Expenceinterest Expense to obtain the ratio This to compute the number of times interestiments could be paid out of current period Highvature con