$4$

Park Company reports interest expense of $$130,000$ and income before interest expense and income taxes of $$1,300,000.$

$(1)$ Compute its times interest earned.

$14$

points

$(2)$ Park's competitor's times interest earned is $4\mathrm{.}0.$ Is Park in a better or worse position than its competitor to make interest payments the economy turns bad?

Complete this question by entering your answers in the tabs below.

Compute its times interest earned.

$\backslash$table$[[$Times Interest Earned$],[$Choose Numerator:,$1,$Choose Denominator:,$=,$Times Interest Earned$],[F,1,,=,$Times interest earned$],[$F$,1,,=,$times$]]$

$4$

Park Company reports interest expense of $$130,000$ and income before interest expense and income taxes of $$1,300,000.$

$(1)$ Compute its times interest earned.

$14$

points

$(2)$ Park's competitor's times interest earned is $4\mathrm{.}0.$ Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?

Complete this question by entering your answers in the tabs below.

Park's competitor's times interest earned is $4\mathrm{.}0.$ Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?

Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?

$$

Park Company reports interest expense of $$130,000$ and income before interest expense and income taxes of $$1,300,000.$

$(1)$ Compute its times interest earned.

$(2)$ Park's competitor's times interest earned is $4\mathrm{.}0.$ Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Compute its times interest earned.

$\backslash$table$[[$Times Interest Earned$],[$Choose Numerator:,$1,$Choose Denominator:,$=,$Times Interest Earned,$],[,1,,=,$Times interest earned,$],[,1,,=,$times,$]]$