Times Interest Earned The following data were taken from recent annual reports of Caliber Company, which operates a low-fare airline service to more than 50 dies in the Unim States: Current Year Prior Year Interest expense $46,000 $51,000 Income before income tax expense 202,400 132,600 a. Determine the times interest earned ratio for the current and preceding vears, Round to one decimal place. Current year Prior year In this ratio will be b. Although Caliber Company had enough earnings to pay interest in the prior year the by the debtholders