Question
Return to question 2 3.33 point Check my work mode: This shows what is correct or incorrect for the work you have completed so
Return to question 2 3.33 point Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 5 millions Current Year Net income $ 55,256 Apple One Year Prior $59,531 Two Years Current Year Income taxes Interest expense 10,481 3,576 13,372 3,240 $ 34,343 5,282 100 Google One Year Prior $ 30,736 4,177 Two Years Prior $ 12,662 14,531 189 Required: Prior 148,351 15,738 2,323 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest eamed, which company appears better able to pay interest obligations? 3. In the current year, and using times interest eamed, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute times interest earned for the three years' data shown for each company. (Round your answers to 1 decimal place.) Apple-Times interest named Google-Times interesteamed One Current Year Year Years Prior Prior 20.60 43.20 99.90 250.56 196.86 190.00 Required 2>
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