Key figures for Apple and Google follow.

$ millions Apple Google

Current Year One Year Prior Two Years Prior Current Year One Year Prior Two Years Prior

Net income $ $59,531$ $ $48,351$ $ $45,687$ $ $30,736$ $ $12,662$ $ $19,478$

Income taxes $13,37215,73815,6854,17714,5314,672$

Interest expense $3,2402,3231,456114109124$

Required:

Compute times interest earned for the three years' data shown for each company.

In the current year, and using times interest earned, which company appears better able to pay interest obligations?

In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for $($a$)$ Apple, and $($b$)$ Google? Assume an industry average of $10.$

Complete this question by entering your answers in the tabs below.

Note: Round your answers to $2$ decimal places.

Current Year One Year Prior Two Years Prior

Apple$$Times interest earned

Google$$Times interest earned