Times Interest EarnedLoomis, Inc., reported the following on the companys income statement in two recent years: Current Year Prior YearInterest expense$$13,500,000$ $$16,000,000$ Income before income tax expense$310,500,000432,000,000$ a$.$ Determine the times interest earned ratio for the current year and the prior year.Current yearfill in the blank $1$Prior yearfill in the blank $2$b$.$ Is this ratio improving or declining?