Marsh Products, Inc., reported the following on the company's income statement in 2012 and 2011: a. Determine
Question:
Marsh Products, Inc., reported the following on the company's income statement in 2012 and 2011:
a. Determine the number of times interest charges were earned for 2011 and 2012. Round to one decimal place.
b. Is the number of times interest charges are earned improving ordeclining?
Transcribed Image Text:
Interest expense Income before income tax expense 2012 420,000 4,200,000 2011 $ 375,000 3,000,000 40,000 3,00000
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