Question: The following data have been gathered from the financial statements of HiFly Corporation: Calculate the times interest earned ratios for 2012 and 2013. Is the

The following data have been gathered from the financial statements of HiFly Corporation:

Calculate the times interest earned ratios for 2012 and 2013. Is the company more or less able to meet its interest payments in 2013 when measured this way?

2012 2013 Operating profit Interest expense Taxes Net profit $550,000,000 200,000,000 126,000,000 224,000,000 $600,000,000 250,000,000 126,000,000 224,000,000

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