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The following financial information was obtained from the year ended 2016 income statements for Wilson Automotive and Lowell Automotive: Requirements 1. Compute the times-interest-earned ratio

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The following financial information was obtained from the year ended 2016 income statements for Wilson Automotive and Lowell Automotive: Requirements 1. Compute the times-interest-earned ratio for each company. 2. Which company was better able to cover its interest expense? Requirement 1. Compute the times-interest-earned ratio for each company Begin by showing the formula for the times-interest-earned ratio

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