Question: Here are some data for five companies in the same industry: A 24.79 6.70 Company Code B D 61.79 191.29 -11.84 16.70 51.70 3.70 EBIT

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

Here are some data for five companies in the same industry: A 24.79 6.70 Company Code B D 61.79 191.29 -11.84 16.70 51.70 3.70 EBIT Interest expense E 220.59 2.70 a. Calculate a measure of times-interest-earned for the industry. b. Calculate a measure of times-interest-earned for each company. c. Calculate the average of the times-interest-earned ratios for the individual companies. d. Does changing the method of calculation make a significant difference to the end result

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