Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter 9, Problem 2BTN
To determine

Times Interest Earned Ratio:

It a ratio that helps in measuring the company’s ability to pay off its interest through the income generated by a company before interest and tax. It tells that how much amount a company has to use to pay off its interest obligation.

1.

To compute: The times interest earned for three years for each company.

2.

To determine

To explain: Company that appears stronger in its ability to pay interest obligation.

For current year

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