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Times Interest Earned The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airtine service to more than 50

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Times Interest Earned The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airtine service to more than 50 cities in the United States: Current Year Prior Year Interest expense $131,000,000 $114,000,000 Income before income tax expense 3,164,000,000 3,265,000,000 a. Determine the times interest earned ratio for the current and preceding years. Round to one decimal place. Current year 131,000, X Prior year in this ratio for concem b. Although Southwest Airlines had enough earnings to pay interest in both years, the to dettholders

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