Park Company reports interest expense of $145,000 and income before interest expense and income taxes of $1,885,000.
Question:
Park Company reports interest expense of $145,000 and income before interest expense and income taxes of $1,885,000.
(1) Compute its times interest earned.
(2) Park’s competitor’s times interest earned is 4.0.
Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad?
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Dudhat Vaidehi
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Related Book For 
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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