Times interest earned The following data were taken from recent annual reports of Calber Company, which operates a low-fare airline service to more than 50 cities in the United States: Current Year $83,000 522,900 Preceding Year $90,000 423,000 Interest expense Income before income tax a. Determine the times interest earned ratio for the current and preceding years. Round to one decimal place. Current year Preceding year b. Although Caliber Company had enough earnings to pay interest in the preceding year, the in this ratio will be bythe debtholders