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How did prevailing winds help and hinder European trade in the North and South Atlantic? What role did these winds play in the European voyages of exploration and discovery?
Times Interest Earned Ratio
A financial metric that measures a company's ability to meet its debt obligations by comparing its interest expenses to its earnings before interest and taxes (EBIT).
Net Income
The net income of a company, which is the remaining amount after deducting all expenses and taxes from the total revenue.
Warranty Expense
Warranty expense is the estimated cost a company expects to incur for repairing, replacing, or compensating for defective products under warranty.
Estimated Warranty Liability
A provision in the financial statements estimating the cost a company expects to incur under its product warranty commitments.
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