Which of the following statements isnotcorrect?

a.The highest times interest coverage in the most recent five-year period is often used as the best indicator of interest coverage.

b.Capitalized interest may be included with interest expense when computing times interest earned.

c.Some of the items on the income statement that are excluded in the numerator in order to compute times interest earned are: interest expense, income taxes, and unusual or infrequent items.

d.In the short run, a firm can often meet its interest obligations, even when the times interest earned is less than 1.00.

e.A ratio that indicates a firm's long-term, debt-paying ability from the income statement view is the times interest earned.