The following financial data (in thousands) were taken from recent financial statements of Staples, Inc.: 1. What

Question:

The following financial data (in thousands) were taken from recent of Staples, Inc.:

1. What is the number of times interest charges are earned for Staples in Year 3, Year 2, and Year 1? (Round your answers to one decimal place.)
2. Evaluate this ratio for Staples?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...