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Park Company reports interest expense of $450,000 and income before interest expense and income taxes of $5,400,000 (1) Compute its times interest earned (2) Park's
Park Company reports interest expense of $450,000 and income before interest expense and income taxes of $5,400,000 (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? 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 Choose Denominator 1 Times Interest Earned Times interest eamed times 1 Required 2 >
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