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What was the change in the firms Times Interest Earned? What caused the change? Times interest earned = EBIT/interest expense Times interest earned 2019 =
What was the change in the firms Times Interest Earned? What caused the change?
Times interest earned = EBIT/interest expense
Times interest earned 2019 = 800/200 = 4
Times interest earned 2020 = 2,740/1950 = 1.41
I am not sure how to answer "what caused the change"
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