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QUESTION
7.8 The following data have been gathered from the financial statements of HiFly Corporation: 2009 2010 Operating profit $ 550,000,000 $600,000,000
7.8 The following data have been gathered from the financial statements of HiFly Corporation:2010$600,000,000250,000,000126,000,000224,000,000Calculate the times interest earned ratios for 2009 and 2010. Is the company more or less able to meet its interest payments in 2010 when measured this way?
