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. In the current year, and using times interest earned, which company appears better able to pay interest obligations?

3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple and (b) Google? Assume an industry average of 10.

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