Please explain the process in obtaining the Times interest earned for 2017 & 2016

At December 31201720162015 AssetsCash $ 31,800$ 35,625$ 37,800Accounts receivable, net89,50062,50050,200Merchandise inventory112,50082,50054,000Prepaid expenses10,7009,3755,000Plant assets, net278,500255,000230,500Total assets $ 523,000$ 445,000$ 377,500Liabilities and EquityAccounts payable $ 129,900$ 75,250$ 51,250Long-term notes payable secured by

mortgages on plant assets98,500101,50083,500Common stock, $10 par value163,500163,500163,500Retained earnings131,100104,75079,250Total liabilities and equity $ 523,000$ 445,000$ 377,500

The company's income statements for the years ended December 31, 2017 and 2016, follow.

For Year Ended December 31 2017 2016 Sales$ 673,500$ 532,000Cost of goods sold $ 411,225$ 345,500Other operating expenses209,550134,980Interest expense12,10013,300Income taxes9,5258,845Total costs and expenses642,400502,625Net income$ 31,100$ 29,375Earnings per share$ 1.90$ 1.80

Times Interest Earned

Numerator:/ Denominator:=Times Interest Earned

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=Times interest earned2017:

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times2016:

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times