Comparative figures for Samsung, Apple, and Google follow. Required 1. Compute the times interest earned ratio for
Question:
Comparative figures for Samsung, Apple, and Google follow.
Required
1. Compute the times interest earned ratio for the most recent two years for Samsung using the data shown.
2. Is the change in Samsung’s times interest earned ratio favorable or unfavorable?
3. In the current year, is Samsung’s times interest earned ratio better or worse than the same ratio for (a) Apple and (b) Google?
Transcribed Image Text:
Samsung Apple Google Current Prior Current Prior Current Prior In millions Year Year Year Year Year Year Net income... W44,344,857 W42,186,747 $59,531 $48,351 $30,736 $12,662 Income taxes 16,815,101 14,009,220 13,372 15,738 4,177 14,531 Interest expense 674,617 655,402 3,240 2,323 114 109
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Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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