Arch Coal, Inc. is a major coal mining company in the United States. Condensed income statement information
Question:
Arch Coal, Inc. is a major coal mining company in the United States. Condensed income statement information for three recent years follows (in millions):
A. Compute the times interest earned ratio for the three years. (Round to one decimal place.)
B. How would you interpret a negative ratio?
C. Is the trend improving or deteriorating?
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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