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Hello, I am quite confused how to solve this, can you show me through steps? The following data have been gathered from the financial statements
Hello, I am quite confused how to solve this, can you show me through steps?
The following data have been gathered from the financial statements of General Nutrition Centers: E. Calculate the times interest earned ratios for 2016 and 2017. Is the company more or less able to meet its 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.) Data table O A. The company is more able to meet its interest payments in 2017 because interest coverage fell. OB. The company is less able to meet its interest payments in 2017 because interest coverage fell. O C. The company is less able to meet its interest payments in 2017 because interest coverage rose. OD. The company is more able to meet its interest payments in 2017 because interest coverage rose. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) EBIT Interest expense Taxes Net profit 2016 $295,676 $49,478 $54,164 $192.034 2017 $187,241 $74,736 $24.751 $87,754 Print DoneStep by Step Solution
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