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Determine the number of times interest charges

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Reference no: EM132465183

Berry Company reported the following on the company's income statement in two recent years:

                                                 Current Year                            Prior Year

Interest expense                      $338,000                                    $405,600

Income before income tax expense 4,360,200                                  5,353,920

Question a. Determine the number of times interest charges were earned for current Year and prior Year. Round to one decimal place.

  1. Current Year: (?)
  2. Prior Year: (?)

Question b. Is the number of times interest charges are earned improving or declining?

Reference no: EM132465183

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