Samsung, Apple, and Google are all competitors in the global marketplace. Comparative figures for Samsung (Samsung.com), along
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1. Compute the times interest earned ratio for the most recent two years for Samsung using the data shown.
2. Which company of the three presented provides the best coverage of interest expense? Explain.
Transcribed Image Text:
Samsung W milllons) Apple Google Current Prior Year Current Prior Current Prior Year Key Flgures Year Year Year Year Net Income ₩19,060,144 6,900,851 ₩23,394,358 51 4,480,676 776,511 20 Times Interest earned 99.93 140.28 189.95 76.99
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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