GOME, Best Buy, and RadioShack are all competitors in the global market place. Comparative figures for GOME
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Required
1. Compute the times interest earned ratio for the most recent two years for GOME using the data shown.
2. Which company of the three presented provides the best coverage of interest expense? Explain.
Transcribed Image Text:
GOME (RMB millions) Best Buy Current Prior Current Prior Current Prior Key Figures Net income Income taxes Interest ex Times interest earned YearYear Year Year Year Year .,048 ,27 360 193 435 212 expense 8.8 36.8 11.2 10.4 Titled finance costs for GOME.
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