Here are some data for five companies in the same industry:
Company Code
A
B
C
D
E
EBIT 11.44 33.44 110.44 -3.74 96.24
Interest expense 5.20 15.20 50.20 2.20 1.20
a. Calculate a measure of times-interest-earned for the industry. (Round your answer to 2 decimal places.)
Times-interest-earned
b.
Calculate a measure of times-interest-earned for each company. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)
Company Code Times-Interest-Earned
A
B
C
D
E
c. Calculate the average times-interest-earned ratio. (Round your answer to 2 decimal places.)
Average times-interest-earned ratio