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Determine the number of times interest charges

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Reference no: EM131571815

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.

Reference no: EM131571815

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