Question: Here are some data for five companies in the same industry Co Code EBIT Interest expense 10.71 5.10 31.71 15.10 105.21 50.10 -3.36 2.10 88.11

Here are some data for five companies in the same industry

Here are some data for five companies in the same industry Co Code EBIT Interest expense 10.71 5.10 31.71 15.10 105.21 50.10 -3.36 2.10 88.11 1.10 a. Calculate a measure of times-interest-eamed for the industry. (Round your answer to 2 decimal places.) Times-interest-earned b. Calculate a measure of times-interest-earned for each company. (A negative answer should be indicated by a minus sign. Round your answers to 1 decimal place.) Company Code Times-Interest-Earned c. Calculate the average of the times-interest-earned ratios for the individual companies. (Round your answer to 2 decimal places.) Average times-interest-earned ratio d. Does changing the method of calculation make a significant difference to the end result? es O No

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