Use the following income statement to work out the Times Interest Earned (TIE) coverage ratio and pick the correct interpretation. given that the industry TIE is 3.50x. The firm has inferior interest coverage, relative to the industry. The firm has superior interest coverage, relative to the industry. The firm has the samainterest coverareas the industry, The firm hasinfuferior interest coverage. relative to the industry. The firm has superior interest coverage, relative to the industry. The firm has the same interest coverage as the industry. It is not possible to calculate the frimis interest coverage It is not possible to compare the firm's interest coverage against the industry. N new data to save. Last che