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Times interest earned Berry Company reported the following on the company's income statement in two recent years: Current Year Prior Year Interest expense $493,000 $591,600

Times interest earned

Berry Company reported the following on the company's income statement in two recent years:

Current Year Prior Year

Interest expense $493,000 $591,600

Income before income tax expense. $6,852,700 $8,578,200

a.Determine the number of times interest charges were earned for current Year and prior Year. Round to one decimal place.

Current Year:

Prior Year:

b.Is the number of times interest charges are earned improving or declining?

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