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Times Interest Earned Sprout Company reported the following on the company's income statement in two recent years: Interest expense Income before income tax expense Current
Times Interest Earned Sprout Company reported the following on the company's income statement in two recent years: Interest expense Income before income tax expense Current Year Current Year $287,000 $315,700 3,759,700 4,514,510 a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. Prior Year Prior Year b. Is the times interest earned ratio improving or declining? Declining
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