Question: The following data were taken from recent annual reports of Trump Hotels and Casino Resorts, Inc., which owns and operates casino-based entertainment resorts in Atlantic

The following data were taken from recent annual reports of Trump Hotels and Casino Resorts, Inc., which owns and operates casino-based entertainment resorts in Atlantic City, New Jersey.

a. Determine the number of times interest charges were earned for the current and preceding years. Round to two decimal places.
b. What conclusions can youdraw?

Interest expense Income before income tax 2004 $221,048,000 (15,496,000) 2003 $225,867,000 (90,570,000)

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