Key figures for Research In Motion and Apple follow. Required 1. Compute times interest earned for the

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Key figures for Research In Motion and Apple follow.

Required
1. Compute times interest earned for the three years€™ data shown for each company.
2. Comment on which company appears stronger in its ability to pay interest obligations if income should decline. Assume an industry average of18.1

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:39 AM

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Key figures for Research In Motion and Apple follow. Required 1. Compute times interest earned for the

Question:

Research In Motion Apple One Year Prior One Two Years Current Year Years Year Prior Prior Two Current $ millions) Net income Interest expense . $2,457.144 $1,892.616 $1,293.867 $8,235 $6,9 $3.495 809.366 907.747 516.653 3,83 2,828 511 001 .502 031

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