(Learning Objective 4: Computing the times-interest-earned ratio) Houle Plumbing Products Ltd. reported the following data in 20X0...

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(Learning Objective 4: Computing the times-interest-earned ratio) Houle Plumbing Products Ltd. reported the following data in 20X0 (in billions):

■ writing assignment Compute Houle’s times-interest-earned ratio, and write a sentence to explain what the ratio value means. Would you be willing to lend Houle $1 billion? State your reason.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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