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Comparative figures for Samsung, Apple, and Google follow. In millions Samsung Apple Google Current Year Prior Year Current Year Prior Year Current Year Prior Year
Comparative figures for Samsung, Apple, and Google follow.
In millions | Samsung | Apple | ||||
---|---|---|---|---|---|---|
Current Year | Prior Year | Current Year | Prior Year | Current Year | Prior Year | |
Net income | $ 18,653 | $ 38,049 | $ 55,256 | $ 59,531 | $ 34,343 | $ 30,736 |
Income taxes | 7,459 | 14,428 | 10,481 | 13,372 | 5,282 | 4,177 |
Interest expense | 577 | 567 | 3,576 | 3,240 | 100 | 114 |
Required:
- Compute the times interest earned ratio for the most recent two years for Samsung using the data shown.
- Is the change in Samsungs times interest earned ratio favorable or unfavorable?
- In the current year, is Samsung's times interest earned ratio better or worse than the same ratio for (a) Apple and (b) Google?
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