Use the table below and Apples financial statements in Appendix A to answer the following. 1. Compute
Question:
Use the table below and Apple’s financial statements in Appendix A to answer the following.
1. Compute times interest earned for each of the three years shown.
2. Is Apple in a good or bad position to pay interest obligations? Assume an industry average of 10.
Transcribed Image Text:
$ millions 2019 2018 2017 Interest expense... $3,576 $3,240 $2,323
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