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Key figures for Apple and Google follow. $ millions Apple Google Current Year One...

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Accounting

Key figures for Apple and Google follow.
$ millions Apple Google
Current Year One Year Prior Two Years Prior Current Year One Year Prior Two Years Prior
Net income $ 59,531 $ 48,351 $ 45,687 $ 30,736 $ 12,662 $ 19,478
Income taxes 13,37215,73815,6854,17714,5314,672
Interest expense 3,2402,3231,456114109124
Required:
Compute times interest earned for the three years' data shown for each company.
In the current year, and using times interest earned, which company appears better able to pay interest obligations?
In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10.
Complete this question by entering your answers in the tabs below.
Note: Round your answers to 2 decimal places.
Current Year One Year Prior Two Years Prior
AppleTimes interest earned
GoogleTimes interest earned
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