Quansi, Inc., reported the following on the company's income statement in 2012 and 2011: a. Determine the
Question:
Quansi, Inc., reported the following on the company's income statement in 2012 and 2011:
a. Determine the number of times interest charges were earned for 2011 and 2012. Round to one decimal place.
b. Is the number of times interest charges are earned improving ordeclining?
Transcribed Image Text:
Interest expense Income before income tax expense 2012 $10,000,000 240,000,000 2011 12,500,000 375,000,000
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