10 Format Painter Clipboard 15 Merge Center $ % Conditional Forms Calculation Torunting to Check cel Font Algnment ro 23 Nur 19 Styles R 11 0 1 Times Interest Earned G H M N 0 A two year comparative income statement of techno Corporation is as follows Net Income. Interest Expense Income Tax Expense Interest Expense 3 5 Sales de Cost of Goods Sold GoPro Seling General arut des interest Expens Income before Income Tax Espen Income Tax Experte Net income $150.000 90.000 BOOOO 54,000 800 5,200 1.200 4.000 S180,000 100.000 0,000 56,000 600 15400 6,000 $ 7.000 7 8 9 10 11 12 13 14 15 16 17 18 Required: Compute the times interest earned ratios for Year 2 nd Year 1 in your opinion, does Techno Corporation generate sufficient net income before and interest to cover the cost of debit financing