Question: Use the table below and Apple's financial statements in Appendix A to answer the following. $ millions 2018 2017 Interest expense $ 3,240 $2,323 2016

Use the table below and Apple's financial statements in Appendix A to answer the following. $ millions 2018 2017 Interest expense $ 3,240 $2,323 2016 $1,456 1. Compute times interest earned for each of the three years shown. 2. Is Apple in a good or bad position to pay interest obligations? Assume an industry average of 10. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute times interest earned for each of the three years shown. Note: Round your answers to 2 decimal places. Times interest earned ratio 2018 2017 2016 Required 1 Required 2 >

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