ACC Inter ch 14 8a)Ginobili Company has Total assets $36,438 Total Liabilities 29,505 Net income 4,286 Interest expense 819 Taxes 1,566 What is Ginobili\'s Times Interest Earned? (Round to 2 decimal places). 8b)Emma Company purchased a machine from Noah Corporation on October 31, 2016. In payment for the $186,600 purchase, Emma issued a one-year installment note to be paid in equal monthly payments of $16,606 at the end of each month. The payments include interest at an annual rate of 12%. After recording the November 30, 2016 payment, the balance in Notes Payable will be $_______ Solution 8a) Time interest earned = Earning before interest and tax/Interest exp = 4286+819+1566/819 Time interest earned = 8.15 Times.