Times interest earned Berry Company reported the following on the company's income statement in two recent years:       Current Year     Prior Year Interest expense $211,000   $232,100   Income before income tax expense 3,017,300   3,736,810   a.  Determine the number of times interest charges were earned for current Year and prior Year. Round to one decimal place. Current Year   Prior Year   b.  Is the number of times interest charges are earned improving or declining?

Question

Times interest earned

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

      Current Year     Prior Year
Interest expense $211,000   $232,100  
Income before income tax expense 3,017,300   3,736,810  

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

Current Year  
Prior Year  

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

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