Katula Company reported the following on the company's income statement in 2015 and 2014: a. Determine the

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Katula Company reported the following on the company's income statement in 2015 and 2014:

a. Determine the times interest earned for 2014 and 2015. Round to one decimal place.
b. Is the times interest earned improving or declining?

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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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Question Posted: Dec 15, 2017 08:22 AM

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Katula Company reported the following on the company's income statement in 2015 and 2014: a. Determine the

Question:

2014 2015 $ 250,000 3,100.000 $ 275.000 4,400,000 Interest expense Income before income taxes

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a 2015 134 times 2014 17...View the full answer

Accounting Volume 2

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