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Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Required: Current Year $ 55,256 10,481 3,576 Apple One Year

Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Required: Current Year $ 55,256 10,481 3,576 Apple One Year Prior $ 59,531 13,372 3,240 Two Years Prior $ 48,351 15,738 2,323 Current Year $ 34,343 5,282 100 Google One Year Prior $ 30,736 4,177 114 Two Years Prior $ 12,662 14,531 109 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. 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. Required 1 Required 2 Required 3 Compute times interest earned for the three years' data shown for each company. (Round your answers to 1 decimal place.) Apple-Times interest earned Google-Times interest earned Current Year One Year Two Years Prior Prior Required 1 Required 2 >

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