Question: Here are some data for five companies in the same industry: A B C D E EBIT 14.56 40.56 131.56 -5.46 128.96 Interest Expense 5.60

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

	A	B	C	D	E
EBIT	14.56	40.56	131.56	-5.46	128.96
Interest Expense	5.60	15.60	50.60	2.60	1.60

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. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)

Company Code	Times-Interest Earned:
A
B
C
D
E

c. Calculate the average times-interest-earned ratio. (Round your answer to 2 decimal places.)

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