Question
Compare the interest coverage ratios of AT&T Inc. and Verizon Communications Inc. for the fiscal year 2023: Company AT&T Inc. Verizon Communications Inc. Earnings Before
Compare the interest coverage ratios of AT&T Inc. and Verizon Communications Inc. for the fiscal year 2023:
Company | AT&T Inc. | Verizon Communications Inc. |
Earnings Before Interest and Taxes (EBIT) | $20 billion | $25 billion |
Interest Expense | $5 billion | $4 billion |
Interest Coverage Ratio |
Question:
Calculate the interest coverage ratio for both AT&T Inc. and Verizon Communications Inc. Which company has a higher interest coverage ratio?
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259543470, 1259543471, 978-1259730191
