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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 $439,000 $526,800
Times interest earned
Berry Company reported the following on the company's income statement in two recent years:
| Current Year | Prior Year | |||
| Interest expense | $439,000 | $526,800 | ||
| Income before income tax expense | 6,585,000 | 7,427,880 | ||
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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