E13-5 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 2016. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2016. Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 2016 $104,000 62,000 42,000 36,400 540 5,060 1,000 $ 4,060 2015 $126,000 73,100 52,900 37,800 495 14,605 5,400 $ 9,205 Required: 1. Compute the times interest earned ratios for 2016 and 2015. (Round your answers to Times Interest Earned 2015 2016