he Clorox Company (CLX) and The Procter & Gamble Company (PG) produce and sell packaged consumer products around the world. Income and interest expense information from financial statements for a recent year follows (in millions):   Clorox Procter & Gamble Interest expense $88 $579             Income before income tax expense 983 13,369             a. Compute the time's interest earned for each company. Round to one decimal place. Clorox:  Procter & Gamble:

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Chapter16: Financial Statement Analysis
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The Clorox Company (CLX) and The Procter & Gamble Company (PG) produce and sell packaged consumer products around the world. Income and interest expense information from financial statements for a recent year follows (in millions):

  Clorox Procter & Gamble
Interest expense $88 $579            
Income before income tax expense 983 13,369            

a. Compute the time's interest earned for each company. Round to one decimal place.

Clorox: 

Procter & Gamble: 

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