The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States.

a. Determine the number of times interest charges were earned for the current and preceding years. Round to one decimal place.
b. What conclusions can youdraw?

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Interest expense Income before income tax Current Year $105,000,000 278,000,000 Preceding Year $69,000,000 1,058,000