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Park Company reports interest expense of $ 3 0 0 , 0 0 0 and income before interest expense and income taxes of $ 3

Park Company reports interest expense of $300,000 and income before interest expense and income taxes of $3,600,000.
(1) Compute its times interest earned.
(2) Park's competitor's times interest earned is 6.0. Is Park in a better or worse position than its competitor to make interest payments if
the economy turns bad?
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Compute its times interest earned.
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