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Microsoft Co . had the following income statement for the year 2 0 2 0 . The year before ( 2 0 1 9 )
Microsoft Co had the following income statement for the year The year before they had an interest coverage ratio of What can you say about Microsoft's ability to meet its shortterm obligations:
Income Statement $ millions Year
Revenues
COGS
Depreciation
EBIT
Interest Expense
PreTax Income
Taxes
Net Income
It has deteriorated over time
It has stayed exactly the same
It has improved over time
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