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Ch 11 Financial Statement & Data Assignment i 1 Saved AA 11-1 Company Analysis LO A1, P4 Use the table below and Apple's financial
Ch 11 Financial Statement & Data Assignment i 1 Saved AA 11-1 Company Analysis LO A1, P4 Use the table below and Apple's financial statements in Appendix A to answer the following. 3.33 points $ millions Interest expense eBook References 2019 2018 2017 $ 3,576 $ 3,240 $ 2,323 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute times Interest earned for each of the three years shown. (Round your answers to 2 decimal places.) Times interest earned ratio 2019 2018 2017
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