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Calculate the times interest earned ratios for 2016 and 2017. Is the company more or less able to meet its The following data have been
Calculate the times interest earned ratios for 2016 and 2017. Is the company more or less able to meet its The following data have been gathered from the financial statements of General Nutrition Centers: interest payments in 2017 when measured this way? The firm's times interest earned ratio for 2016 is (Round to two decimal places.) The firm's times interest earned ratio for 2017 is . (Round to two decimal places.) Is the company more or less able to meet its interest payments in 2017 when measured this way? (Select the best choice below.) O A. The company is less able to meet its interest payments in 2017 because interest coverage rose. B. The company is less able to meet its interest payments in 2017 because interest coverage fell. O C. The company is more able to meet its interest payments in 2017 because interest coverage fell. OD. The company is more able to meet its interest payments in 2017 because interest coverage rose. in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) EBIT Interest expense Taxes Net profit 2016 $293,621 $53,851 $52,749 $187,021 2017 $183,483 $64,897 $26,089 $92,497
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