Grupo Bimbo, Krispy Kreme, and Tastykake are all competitors in the global marketplace. Key comparative figures for Grupo Bimbo (GrupoBimbo.com) for the year ended December 31, 2002 (along with selected figures from Krispy Kreme and Tastykake) follow:

Required 1. Compute the times interest earned ratio for the most recent two years for Grupo Bimbo using the data shown.
2. Which company of the three presented provides the best coverage of interest expense?

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Grupo Bimbo (millions of pesos) Krispy Kreme Tastykake Current Prior Current Prior Current Prior Key Figures Year Year Year Year Year Year Net income $1,003 $1,682 Income taxes 575 805 Interest expense 703 193 Times interest earned ? ? 31.8 127.2 2.9 10.2