Chapter 11, Problem 2AA

Key figures for Apple and Google follow.

		Apple			Google
	Current	One Yeai	Two Years	Cjmont	One Year	Two Years
3- millions.	Year	Prior	Prior	Year	Prior	Prior
Net income....._____	$43,351	$45,687	$53,394	$12,652	$19.47B	$16,348
Income taxes_________	15.738	15.685	19,121	14.531	4.672	3,303
	2,323	1.156	733	109	124	104

Required

1. Compute times interest earned for the three years' data shown for each company.
2. hi 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 (or) Apple and (£) Google^ Assume an industry average of 10.