The following data were taken from recent annual reports of TELUS Corporation, a leading national telecommunications company
Question:
The following data were taken from recent annual reports of TELUS Corporation, a leading national telecommunications company in Canada.
a. Determine the times interest earned ratio for the current and preceding years. Round to one decimal place.
b. Is the times interest earned improving or declining?
Transcribed Image Text:
Preceding Year (in millions of dollars) Current Year of dollars) (in millions Interest expense Income before income taxes $ 515 1.366 $ 582 1.205
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a Current year Number of times interest charges earned 3...View the full answer
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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