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Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $ 55,256 10,481 3,576 Required 1 Required 2 Apple One Year Prior $ 59,531 13,372 3,240 Apple-Times interest earned Google-Times interest earned Two Years Prior $ 48,351 15,738 2,323 Complete this question by entering your answers in the tabs below. Required 3. Required: 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Current Year $ 34,343 5,282 100 Compute times interest earned for the three years' data shown for each company. Note: Round your answers to 1 decimal place. Current One Year Two Years Year Prior Prior < Required 1 Google One Year Prior $ 30,736 4,177 114 Required 2 > Two Years Prior $ 12,662 14,531 109

Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $ 55,256 10,481 3,576 Required 1 Required 2 Apple One Year Prior $ 59,531 13,372 3,240 Apple-Times interest earned Google-Times interest earned Two Years Prior $ 48,351 15,738 2,323 Complete this question by entering your answers in the tabs below. Required 3. Required: 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Current Year $ 34,343 5,282 100 Compute times interest earned for the three years' data shown for each company. Note: Round your answers to 1 decimal place. Current One Year Two Years Year Prior Prior < Required 1 Google One Year Prior $ 30,736 4,177 114 Required 2 > Two Years Prior $ 12,662 14,531 109

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $ 55,256 10,481 3,576 Required 1 Required 2 Apple One Year Prior $ 59,531 13,372 3,240 Apple-Times interest earned Google-Times interest earned Two Years Prior $ 48,351 15,738 2,323 Complete this question by entering your answers in the tabs below. Required 3 Required: 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Current Year $34,343 5,282 100 Compute times interest earned for the three years' data shown for each company. Note: Round your answers to 1 decimal place. Current One Year Two Years Year Prior Prior < Required 1 Google One Year Prior $ 30,736 4,177 114 Two Years Prior $ 12,662 14,531 109 Required 2 >
Transcribed Image Text:Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $ 55,256 10,481 3,576 Required 1 Required 2 Apple One Year Prior $ 59,531 13,372 3,240 Apple-Times interest earned Google-Times interest earned Two Years Prior $ 48,351 15,738 2,323 Complete this question by entering your answers in the tabs below. Required 3 Required: 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Current Year $34,343 5,282 100 Compute times interest earned for the three years' data shown for each company. Note: Round your answers to 1 decimal place. Current One Year Two Years Year Prior Prior < Required 1 Google One Year Prior $ 30,736 4,177 114 Two Years Prior $ 12,662 14,531 109 Required 2 >
Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $ 55,256 10,481 3,576 Show Transcribed Text Complete this question by entering your answers in the tabs below. $ millions Net income Required: . Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Income taxes Interest expense Apple One Year Prior $ 59,531 13,372 3,240 Key figures for Apple and Google follow. Required 1 Required 2 Required 3 In the current year, and using times interest earned, which company appears better able to pay interest obligations? Which company appears better able to pay interest obligations? Required 1 Two Years Prior $ 48,351 15,738 2,323 < Required 1 Required 2 a. Apple b. Google Current Year $ 55,256 10,481 3,576 Current Year $ 34,343 5,282 100 Required 3 Apple One Year Prior $ 59,531 13,372 3,240 Is the company in a good or bad position to pay interest obligations: Google One Year Prior $ 30,736 4,177 114 Complete this question by entering your answers in the tabs below. Two Years Prior $ 48,351 15,738 2,323 Required 3 > Required: 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. < Required 2 Current Year $ 34,343 5,282 100 Two Years Prior $ 12,662 14,531 109 Google One Year Prior $ 30,736 4,177 114 In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Two Years Prior $ 12,662 14,531 109 Required 3 >
Transcribed Image Text:Key figures for Apple and Google follow. $ millions Net income Income taxes Interest expense Current Year $ 55,256 10,481 3,576 Show Transcribed Text Complete this question by entering your answers in the tabs below. $ millions Net income Required: . Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Income taxes Interest expense Apple One Year Prior $ 59,531 13,372 3,240 Key figures for Apple and Google follow. Required 1 Required 2 Required 3 In the current year, and using times interest earned, which company appears better able to pay interest obligations? Which company appears better able to pay interest obligations? Required 1 Two Years Prior $ 48,351 15,738 2,323 < Required 1 Required 2 a. Apple b. Google Current Year $ 55,256 10,481 3,576 Current Year $ 34,343 5,282 100 Required 3 Apple One Year Prior $ 59,531 13,372 3,240 Is the company in a good or bad position to pay interest obligations: Google One Year Prior $ 30,736 4,177 114 Complete this question by entering your answers in the tabs below. Two Years Prior $ 48,351 15,738 2,323 Required 3 > Required: 1. Compute times interest earned for the three years' data shown for each company. 2. In the current year, and using times interest earned, which company appears better able to pay interest obligations? 3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. < Required 2 Current Year $ 34,343 5,282 100 Two Years Prior $ 12,662 14,531 109 Google One Year Prior $ 30,736 4,177 114 In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10. Two Years Prior $ 12,662 14,531 109 Required 3 >
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