http://www.pilotfriend.. Oth eBook Analyze and compare Clorox and Procter & Gamble The Clorox Company (CLX) and The Procter & Gamble Company (PG) produce and sell packaged consumer products around the world. Income and interest expense information from financial statements for a recent year follows (in millions): Clorox Procter & Gamble Interest expense $88 $579 Income before income tax expense 983 13,369 a. Compute the times interest earned for each company. Round to one decimal place. Clorox: Procter & Gamble: b. If you were a tender to these two companies, which one appears to have the greater coverage of interest expense and thus the greater protection for your loan interest