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Times interest earned Averill Products Inc. reported the following on the company's income statement in 20Y8 and 2019: Interest expense 20Y9 20Y8 $410,000 $350,000

Times interest earned Averill Products Inc. reported the following on the company's income statement in 20Y8 and 2019: Interest expense 20Y9 20Y8 $410,000 $350,000 Income before income tax expense 5,043,000 3,640,000 a. Determine the times interest earned ratio for 20Y8 and 20Y9. Round to one decimal place. Times Interest Earned 20Y9 20Y8

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