Analyze and compare Clorox and Procter & Gamble The Clorox Company (CLX) and The Procter & Gamble Company (PG) produce and sell packaged consumer products around the world. Income and interest expense information from financial statements for a recent year follows (in millions): Clorox Procter & Gamble Interest expense $97 $509 Income before income tax expense 1,024 6,069 a. Compute the times interest earned for each company. Round to one decimal place. Clorox: Procter & Gamble: b. If you were a lender to these two companies, which one appears to have the greater coverage of interest expense and thus the greater protection for your loan interest?

Analyze and compare Clorox and Procter \& Gamble (in millions)