The Information Related to Jazz Music Company Is Given Below

question 131

Essay

The information related to Jazz Music Company is given below:
$$\begin{array} { l l l } & \text { Year ended December } & \text { Year ended December } \\&31,2018&31,2019\\\hline \text { Net Income } & \$81,510& \$210,570 \\\text { Income Tax Expense } & 55,910 & 103,505 \\\text { Interest Expense } & 6,595 & 59,505 \\\end{array}$$
Calculate the times-interest-earned ratio for each year.Round all calculations to two decimal places.

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Definitions:

Vision Testing

The process of assessing and evaluating an individual's ability to see clearly, including tests for sharpness, color vision, field of vision, and depth perception.

Amino Acids

Organic compounds that combine to form proteins and are important in biology.

Steroidal

Pertaining to steroids, a large class of organic compounds with a characteristic molecular structure that includes many hormones, alkaloids, and vitamins.

Cell Membranes

The semipermeable membrane surrounding the cytoplasm of a cell, responsible for controlling the movement of substances in and out of the cell.