14. Financial Statement Analysis

XYZ Company had Income from Operations of \$320,000 and Net Income of \$80,000. Interest Expense during the current period was \$40,000 and Notes Payable totaled \$400,000. What is the company's Times Interest Earned?

ABC Company had Net Income during the period of \$60,000 after Income Taxes of \$40,000. Furthermore, the company had outstanding Notes Payable at the beginning and end of the year, respectively, of \$250,000 and \$350,000. If interest expense was \$15,000 during the period, what is the company's TIE ratio?