Question
Joy Inc has the following account balances (in thousands): 2020 2019 Income from operations $1,000 $790 Interest expense $130 $100 The times interest earned ratio
Joy Inc has the following account balances (in thousands):
2020 2019
Income from operations $1,000 $790
Interest expense $130 $100
The times interest earned ratio has
Improved in 2020
Worsened in 2020
Remained the same in 2020
Cannot be determined for 2020
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
2nd Canadian edition
133375536, 9780133845396, 133845397, 978-0133375534
