Key figures for Apple and Google follow. Required 1. Compute times interest earned for the three years'

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Key figures for Apple and Google follow.

Required
1. Compute times interest earned for the three years' data shown for each company.
2. Comment on which company appears stronger in its ability to pay interest obligations. Assume an industry average of 10.

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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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Question Posted: Mar 24, 2017 01:13 AM

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Key figures for Apple and Google follow. Required 1. Compute times interest earned for the three years'

Question:

Apple Google Current Year One Year Two Years Prior $37,037 13,118 One Year Two Years Prior $millons Net Income Income taxes Interest expense Prlor $39,510 13,973 Year Prior $53.394 19.121 $16,348 3,303 104 $12,733 $14,136 3,639 101 2,739 81 733 384 136

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1 AppleTimes interest earned millions Current Year One Year Prior Two Years Prior Net income 53394 3...View the full answer

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