CP 14-6 Number of times interest charges are earned
The following financial data were taken from the financial statements of Williams-Sonoma, Inc.
|
Fiscal Year |
|||
|
2009 |
2008 |
2007 |
|
|
Interest expense |
$1,480 |
$2,099 |
$2,125 |
|
Earnings before taxes |
41,953 |
316,340 |
337,186 |
1. What is the number of times interest charges are earned for Williams-Sonoma in 2009, 2008, and 2007? (Round your answers to one decimal place.)
2. Evaluate this ratio for Williams-Sonoma.