The following information was taken from the income statement of Tommy Toys for the years 2013 through 2015 (in millions):
Required:
A. Compute Tommy Toys times interest earned ratio for all three years. Round your answers to two decimal places.
B. Briefly interpret the times interest earned ratio for the three years.

Question

Quizplus · Accepted Answer

The Answer of The following information was taken from the income statement of Tommy Toys for the years 2013 through 2015 (in millions):
Required:
A. Compute Tommy Toys times interest earned ratio for all three years. Round your answers to two decimal places.
B. Briefly interpret the times interest earned ratio for the three years.

The Following Information Was Taken from the Income Statement of Tommy