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Balance sheet and income statement data indicate the following Balance sheet and income statement data indicate the following: Bonds payable, 24-year bonds Income before income

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Balance sheet and income statement data indicate the following

Balance sheet and income statement data indicate the following: Bonds payable, 24-year bonds Income before income tax for year Income tax for year Interest payable Interest receivable Company A 495.000 75,000 50,000 21,000 Company B $900,000 130.000 12,000 28,000 each ctM-npany, assume that bond interest is the only interest expense and there iS no bond premium or discount. a. For each company, "hat is the times interest eamed (Round to one decimal place. J Compony A Company B b. Which gives Creditors more protection?

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