Number of Times Interest Charges are Earned Loomis, Inc reported the following on the company's income statement in 2016 and 2015 2016 2015 Interest expense $13,500,000 $16,000,000 Income before income tax expense 310,500,000 432,000,000 a Determine the number of times interest charges were earned for 2016 and 2015 2016 2015 b Is the number of times interest charges are earned improving or declining

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Number of Times Interest Charges are Earned Loomis, Inc. reported the following on the company's income statement in 2016 and 2015: 2016 2015 Interest expense

Number of Times Interest Charges are Earned

Loomis, Inc. reported the following on the company's income statement in 2016 and 2015:

	2016	2015
Interest expense	$13,500,000	$16,000,000
Income before income tax expense	310,500,000	432,000,000

a. Determine the number of times interest charges were earned for 2016 and 2015.

2016
2015

b. Is the number of times interest charges are earned improving or declining?

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