The following financial data (in thousands) were taken from recent financial statements of Staples, Inc.:

1. What is the number of times interest charges are earned for Staples in Year 3, Year 2, and Year 1? (Round your answers to one decimal place.)
2. Evaluate this ratio for Staples.

Transcribed Image Text:

Interest expense Earnings before taxes Year3 Year Year 1 173,751 214,824 $ 237,025 1,459,141 356,595 1,155,894