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Key figures for Apple and Google follow millions Net Income Income taxes Interest expense Current Year $ 48,351 15,738 2,323 Apple One Year Prior $

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Key figures for Apple and Google follow millions Net Income Income taxes Interest expense Current Year $ 48,351 15,738 2,323 Apple One Year Prior $ 45,687 15,685 1,456 Two Years Prior $53,394 19.121 Current Year 12,662 14,531 109 Google One Year Prior 19,478 4,672 124 Two Years Prior 16,348 3,303 104 733 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 (6) 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 eamed for each of the three years shown (Round your answer to 2 decimal places) Current Yoar One Year Two Years Prior Prior Apple Times interest earned Google Times interest and Sirved Help Save & Exit 5 sillions Net income Income taxes Interest expense Current Year $ 48,351 15,233 2,23 Apple One Year Prior $ 45,687 15,685 1.456 Two Years Prior $53,394 19.121 Current Year 12,662 14,531 109 Google One Year Prior 19,470 4,672 124 Two Years Prior 16,348 3.303 184 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 (6) Google? Assume an industry average of 10 Complete this question by entering your answers in the tabs below. Required Required 2 Required In the current year, and using times interest earned, which company appears better able to pay interest obligations? Which company appears batter able to pay interest obligations?

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