Interest Expense $ 173,751 $ 214,824 $ 237,025 Earnings Before Taxes 1,459,141 1,356,595 1,155,894 a. Determine the times interest earned ratio for Staples in Year 3, Year 2, and Year 1? b. Evaluate the ratio for Staples.

Interest Expense $ 173,751 $ 214,824 $ 237,025 Earnings Before Taxes 1,459,141 1,356,595 1,155,894 a. Determine the times interest earned ratio for Staples in Year 3, Year 2, and Year 1? b. Evaluate the ratio for Staples.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...

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Interest Expense $ 173,751 $ 214,824 $ 237,025
Earnings Before Taxes 1,459,141 1,356,595 1,155,894
a. Determine the times interest earned ratio for Staples in Year 3, Year 2, and Year 1?
b. Evaluate the ratio for Staples.

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