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Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $59,531 13, 372 3,240 Apple One Year Prior

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Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $59,531 13, 372 3,240 Apple One Year Prior $48, 351 15, 738 2, 323 Two Years Prior $45, 687 15, 685 1, 456 Current Year $ 30,736 4, 177 114 Google One Year Prior $12, 662 14,531 109 Two Years Prior $19, 478 4, 672 124 Required: 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 2 decimal places.) Current Year One Year Prior Two Years Prior AppleTimes interest earned Google-Times interest earned

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