The Information Related to Jazz Music Company Is Given Below

Essay

The information related to Jazz Music Company is given below:
$$\begin{array} { l l l } & \text { Year ended December } & \text { Year ended December } \\&31,2018&31,2019\\\hline \text { Net Income } & \$81,510& \$210,570 \\\text { Income Tax Expense } & 55,910 & 103,505 \\\text { Interest Expense } & 6,595 & 59,505 \\\end{array}$$
Calculate the times-interest-earned ratio for each year.Round all calculations to two decimal places.