Number of times interest charges are earned The following financial data (in thousands) were taken from recent
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Number of times interest charges are earned The following financial data (in thousands) were taken from recent financial statements of Staples, Inc.:
Year 3 Year 2 Year 1 Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 173,751 $ 214,824 $ 237,025 Earnings before taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,459,141 1,356,595 1,155,894 1. What is the number of times interest charges are earned for Staples in Year 3, Year 2, and Year 1? (Round your answers to one decimal place.)
2. Evaluate this ratio for Staples.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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