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Sprout Company reported the following on the company's income statement in two recent years: Current Year Prior Year Interest expense $510,000 $480,000 Income before income
Sprout Company reported the following on the company's income statement in two recent years:
| Current Year | Prior Year | |||
| Interest expense | $510,000 | $480,000 | ||
| Income before income tax expense | 5,610,000 | 6,720,000 | ||
a. Determine the times interest earned ratio for the current year and the prior year.
| Current year | fill in the blank 1 |
| Prior Year | fill in the blank 2 |
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The Power Of Accounting What The Numbers Mean And How To Use Them
Authors: Lawrence Lewis
1st Edition
0415884306, 978-0415884303
