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The following financial information was obtained from the year ended 2018 income statements for Junk Automotive and Steinbeck Automotive Click the icon to view the

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The following financial information was obtained from the year ended 2018 income statements for Junk Automotive and Steinbeck Automotive Click the icon to view the financial information) Requirements 1 Compute the times-interest.comed ratio for each company. Round to two decimais Which company was better able to cover its interest expense? Requirement 1. Compute the times-interest-camad ratio for each company. Round to two decimalis Begin by showing the formula for the times interest-camed ratio Times-interest-cameratio= Now calculate the times interest-camad ratio for each company. (Round the ratios to two decimal places, XXC) Junk Steinbeck Times-interesteamed ratio Requirement 2. Which company was batter able to cover is interest expense? Automotive was better able to cover its interest expense. Data Tabla Junk Not Income $ Steinbeck 64040 $ 71 6D 16. 170 25 280 Income tax expense Interest cons 60 3.100 Print Dona

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