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Park Company reports interest expense of $120,000 and income before interest expense and income taxes of $2,160,000. 1) Compute its times interest earned. 2) Park's
Park Company reports interest expense of $120,000 and income before interest expense and income taxes of $2,160,000. 1) Compute its times interest earned. 2) Park's competitor's times interest earned is 12.0. Is Park in a better or worse position than its competitor to make interest paymen the economy turns bad? Complete this question by entering your answers in the tabs below. Compute its times interest earned
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