Question: Here are some data for five companies in the same industry: Company Code EBIT Interest expense 11.44 5.20 33.44 15.20 11044 50.20 -3.74 2.20 9624

Here are some data for five companies in the same industry:

Here are some data for five companies in the same industry: Company Code EBIT Interest expense 11.44 5.20 33.44 15.20 11044 50.20 -3.74 2.20 9624 1.20 a. Calculate a measure of times-interest-earned 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-eaned ratio d. Does changing the method of calculation make a significant difference to the end result? Yes No

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