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Measure of times-interest-earned for the industry

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Reference no: EM13488299

Here are some data for five companies in the same industry:

Company Code

A
B
C
D
E
EBIT 11.44 33.44 110.44 -3.74 96.24
Interest expense 5.20 15.20 50.20 2.20 1.20

a. Calculate a measure of times-interest-earned for the industry. (Round your answer to 2 decimal places.)

Times-interest-earned

b.
Calculate a measure of times-interest-earned for each company. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)

Company Code Times-Interest-Earned
A
B
C
D
E

c. Calculate the average times-interest-earned ratio. (Round your answer to 2 decimal places.)

Average times-interest-earned ratio

Reference no: EM13488299

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