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Interpret below Times Interest Earned Ratio calculations and discuss in terms of assessing going concern, include trend analysis and comparison discussion company y as
Interpret below Times Interest Earned Ratio calculations and discuss in terms of assessing going concern, include trend analysis and comparison discussion company y as benchmark to compare against. Assessing whether company x is a going concern, whether meets the financial requirements to be assessed as a going concern as per ASA570 determine whether, over time, company x has been financially stable and hence in a position to be assessed as a going concern. Times Interest Earned Ratio Year Company x Company y 2018 23.48 4.09 2019 14.62 12.09 2020 4.8 5.38 2021 13.47 10.81 2022 20.73 25 20 15 10 5 11.61 Times Interest Earned Ratio 0 2018 2019 2020 2021 2022 Company x Company y Linear (Company x) .......... Linear (Company y)
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