Selected Financial Data for Barnstable Company Appear Below -Between Year 1 and Year 2,what Happened to the Times

question 87

Multiple Choice

Selected financial data for Barnstable Company appear below:
$\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Sales } & \text { (in thousands) } & \\\hline \text { Operating Expense } & \$ 1,500 & \$ 1,200 \\\hline \text { Interest Expense } & \$ 450 & \$ 400 \\\hline \text { Cost of Goods Sold } & \$ 75 & \$ 30 \\\hline \text { Dividends Declared and Paid } & \$ 900 & \$ 720 \\\hline\end{array}$

-Between Year 1 and Year 2,what happened to the times interest earned?

• A) It increased.
• B) It decreased.
• C) It remained the same.
• D) The effect cannot be determined from the data provided.

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Definitions:

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