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Analyze and compare Clorox and Procter & Gamble The Clorox Company (CLX) and The Procter...

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Accounting

Analyze and compare Clorox and Procter & Gamble 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 $509 6,069 Income before income tax expense a. Compute the times interest earned for each company. Round to one decimal place. 10.65 X Clorox: Procter & Gamble: $97 1,024 12 X b. If you were a lender to these two companies, which one appears to have the greater coverage of interest expense and thus the greater protection for your loan interest?
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Analyze and compare Clorox and Procter 8 Gamble The Clorox Company (CLX) and The Procter 8 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): a. Compute the times interest earned for each company. Round to one deciman prace. Clorox: Procter \& Gamble: x b. If you were a lender to these two companies, which one appears to have the greater coverage of interest expense and thus the greater protection for your loan interest

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