The following information is available for Sell-for-Less for the years 2018 through 2020 (in millions):
A.Compute the Sell-for-Less times interest earned ratio for 2020,2019,and 2018.Round your answers to two decimal places.
B.Briefly interpret the times interest earned ratio for the three years.
Definitions:
Manufacturer
A company that produces goods in large quantities.
Hydraulic Cylinders
Actuators that convert hydraulic fluid pressure into linear motion, used in a variety of machinery and equipment for lifting, pushing, or pulling.
Concrete
A construction material composed of cement, water, aggregates, and sometimes admixtures, used for building a wide variety of structures.
Prevailing Torque
A term used to describe the resistance to loosening provided by some type of fasteners, often achieved through friction or deformation.
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