Question
The Medusa Merger Corporation reported the following: 2022 2021 Revenue 20,000 18,000 Cost of goods sold 15,000 14,000 Interest expense 40 30 Tax expense 15
The Medusa Merger Corporation reported the following:
| 2022 | 2021 | |
| Revenue | 20,000 | 18,000 |
| Cost of goods sold | 15,000 | 14,000 |
| Interest expense | 40 | 30 |
| Tax expense | 15 | 5 |
| Net income | 4,945 | 3,965 |
Based on this information, the company's times interest earned ratio for 2022 is [ Select ] ["124.6", "133.3", "123.6", "125.0", "0.25"] and over the two year period the ratio is getting (better or worse)
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Managing Component Based Development In Global Teams
Authors: J. Kotlarsky, I. Oshri
2009 Edition
0230222447, 978-0230201101
