Ch 14-2 Practice Exercises 1. PE.14-01.ALGO Times interest earned Berry Company reported the following on the company's income statement in two recent years: 2. PE.14-02.ALGO 3. PE.14-03.ALGO Current Year Prior Year 4. PE.14-04.ALGO 5. PE.14-05.ALGO 6. PE.14-06.ALGO 7. PE.14-07.ALGO 8. PE.14-08.ALGO Interest expense $371,000 $445,200 Income before income tax expense 5,861,800 6,811,560 a. Determine the number of times interest charges were earned for current Year and prior Year. Round to one decimal place. Current Year Prior Year b. Is the number of times interest charges are earned improving or declining? 9. PE.14-09.ALGO