Key figures for Apple and Google follow. Required 1. Compute times interest earned for the three years?

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Key figures for Apple and Google follow.

Required

1. Compute times interest earned for the three years? data shown for each company.

2. In the current year, and using times interest earned, which company appears better able to pay interest obligations?

3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple and (b) Google? Assume an industry average of 10.

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Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 13, 2019 04:57 AM

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Key figures for Apple and Google follow. Required 1. Compute times interest earned for the three years?

Question:

Apple Google Current Year One Year Prior Two Years Prior One Year Prior Two Years Prior Current Year S millions $15,687 15,685 1,456 $53,394 19,121 $19,478 4,672 $39,510 13,973 $16,348 3,303 $14,136 Not incomo hcome taxes... hterest expense... 3,639 101 733 384 124 104

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1 Apple x Times interest earned millions Current Year One Year Prior Two Years Prior Net income 4568...View the full answer

Financial Accounting Information for Decisions

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