You are the loan manager for a local commercial bank and was approached by the management of Intel Corp.for a $150,000 loan to be used in the expansion of its business. You requested and have received the following financial information to be used as the basis for your decision:

Intel Corp.
Income Statement
Selected Financial	FY 2017	FY 2018	FY 2019
EBIT	20,352	23,317	24,058
Interest Expense	349	126	484
Income Tax Expense	10,751	2,264	3,010

A. Please calculate the Times Interest Earned ratio for FY 2017, 2018, and 2019.

Formula: EBIT + Interest Expense + Income Tax Expense

Interest Expense

B. Based on your calculation in (A), was the ratio good or bad between FY 2017 to FY 2018, and between FY 2018 to FY 2019? Please explain in two paragraphs.