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Times interest earned Berry Company reported the following on the company's income statement in two recent years: Current Prior Year Year Interest expense $263,000 $315,600
Times interest earned Berry Company reported the following on the company's income statement in two recent years: Current Prior Year Year Interest expense $263,000 $315,600 Income before income tax 3,287,500 3,376,920 expense 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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