Park Company reports interest expense of $320,000 and income before interest expense and income taxes of $3,200,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?

Park Company reports interest expense of $320,000 and income before interest expense and income taxes of $3,200,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 4.0. 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. Choose Numerator: Times Interest Earned 1 Choose Denominator: 1 1 Times Interest Earned Times interest earned times Park Company reports interest expense of $320,000 and income before interest expense and income taxes of $3,200,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? 35:42 Complete this question by entering your answers in the tabs below. Sk Required 1 Required 2 Park's competitor's times interest earned is 4.0. 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 tums bad?