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Park Company reports interest expense of $270,000 and income before interest expense and income taxes of $4,590,000. (1) Compute its times interest earned. (2) Park's
Park Company reports interest expense of $270,000 and income before interest expense and income taxes of $4,590,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 11.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its times interest earned. Times Interest Earned Choose Denominator: Choose Numerator: 1 = Times Interest Earned Times interest earned times Required 1 Required 2 Park's competitor's times interest earned is 11.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad
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