solve required 1 and 2 with explanation

Park Company reports interest expense of $340,000 and income before interest expense and income taxes of $3,060,000. (1) Compute its times interest earned (2) Park's competitor's times interest earned is 3.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its times interest earned. Choose Numerator: Times Interest Earned Choose Denominator: - Times Interest Earned Times interest earned times Required 2 > Park Company reports interest expense of $340,000 and income before interest expense and income taxes of $3,060,000. (1) Compute its times interest earned (2) Park's competitor's times interest earned is 3.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Park's competitor's times interest earned is 3.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? Is Park in a better or worse position than its competitor to make interest payments if the economy tums bad?