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Times interest earned Averill Products Inc. reported the following on the company's income statement in 2008 and 20Y9: 2019 2018 Interest expense $440,000 $400,000

Times interest earned Averill Products Inc. reported the following on the company's income statement in 2008 and 20Y9: 2019 2018 Interest expense $440,000 $400,000 Income before income tax expense 5,544,000 4,400,000 a. Determine the times interest earned ratio for 20Y8 and 20Y9. Round to one decimal place. Times Interest Earned 2019 2018 b. Is the change in the times interest earned ratio favorable or unfavorable?

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