Question: Compute the interest coverage ratios for 2010 and 2011 from the partial income statements of Chimney Corporation the appear below. State whether the ration improved

Compute the interest coverage ratios for 2010 and 2011 from the partial income statements of Chimney Corporation the appear below. State whether the ration improved or worsened overtime.

2011 2010 Income from operations Interest expense Income before income taxes Income tareS Net income $23,890 5,800 18,090 5,400 $12,690 $18,460 3,300 $15,160 4,500 $10,660

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