Amozon,com, Inc. (AMZN) is one of the largest internet retaisers in the world. Wal-Mart Stores,...
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Amozon,com, Inc. (AMZN) is one of the largest internet retaisers in the world. Wal-Mart Stores, Inc. (WMT) is the largest retaler in the United States Amazon and Wal-Mart compete in similat markets; however, Wal-Mart sels through both traditional retall stores and the internet, while Amazon sells anly through the intemet. Interest expense and income before income tax expense from the financial staternents of both companies for two recent years follow (in milions): a. Compute the times interest earned ratio for both companies for the two years. Round your answers to one decimal place. b. Based on your calculations for Amazon above, which of these statements is correct? c. Does a times interest earned ratio less than 1.0 mean that creditors will not get paid interest? d. Interpret Walmart's interest coverope from Year 1 to Year 2. e. Which company appears to have the greater protection for creditors
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