The following financial data (in thousands) were taken from recent financial statements of Office Depot, Inc.: 1.
Question:
The following financial data (in thousands) were taken from recent financial statements of Office Depot, Inc.:
1. Determine the times interest earned ratio for Staples in Year 3, Year 2, and Year 1? Round to one decimal place.
2. Evaluate this ratio for Office Depot.
Transcribed Image Text:
Year 3 Year 2 Year 1 Interest expense.... $121,000 $ 62,000 $ 80,000 Earnings before taxes. 158,000 299,000 459,000
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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