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E13-5 (Algo) Computing a Commonly Used Solvency Ratio [LO 13-4, LO 13-5] According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2018, Let's see whether these changes are reflected in the income statement of Zigga Manufacturing for the year ended December 31, 2018. Required: 1. Compute the times interest earned ratios for 2018 and 2017. 2. Does Zigga generate sufficient net income in both years (before taxes and interest) to cover the cost of debt financing? Complete this question by entering your answers in the tabs below. Compute the times imterest earned ratios for 2018 and 2017. (Round your answers to 1 decimal place.) According to the producer price index database maintained by the Bureau of Labor Stotistics, the average cost of computer equipment fell 3.8 percent between January and December 2018. Let's see whether these changes are refiected in the income statement of Zigga Manufacturing for the year ended December 31, 2018 Required: 1. Compute the times interest earned ratios for 2018 and 2017. 2. Does Zigga generate sufficient net income in both years (before taxes and interest) to cover the cost of debt financing? Complete this question by entering your answers in the tabs below. Does Zigga generate sufficient net income in both years (before taxes and interest) to cover the cost of debt financing