Use the table below and Apple's financial statements in Appendix A to answer the following $ millions 2019 2018 2017 Interest expense $ 3,576 $ 3,240 $ 2,323 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

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Question: Use the table below and Apple's financial statements in Appendix A to answer the following. $ millions 2019 2018 2017 Interest expense $ 3,576 $

Use the table below and Apple's financial statements in Appendix A to answer the following.

$ millions	2019	2018	2017
Interest expense	$ 3,576	$ 3,240	$ 2,323

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.

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