(Answered) Problem - the following data were taken from recent annual

Accounting

Problem - The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to more than 50 cities in the United States:

Current Year Preceding Year

Interest expense $147,000,000 $194,000,000

Income before income tax 685,000,000 323,000,000

Determine the number of times interest charges are earned for the current and preceding years. Round to one decimal place.

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