A company's income before interest expense and income taxes in Year 1 and Year 2 is $487,500 and $427,000,respectively.Its interest expense was $125,000 for both years.Calculate the company's times interest earned ratio,and comment on its level of risk.

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The Answer of A company's income before interest expense and income taxes in Year 1 and Year 2 is $487,500 and $427,000,respectively.Its interest expense was $125,000 for both years.Calculate the company's times interest earned ratio,and comment on its level of risk.

A Company's Income Before Interest Expense and Income Taxes in Year