4.6

(Capital structure analysis) Last year the Rondoelea Products Company had $147 million in annual sales and a net profit margin of 10.7 percent. In addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $39 million of debt outstanding with an average interest rate of 10.3 percent, what is the firm's times interest earned ratio? The times interest earned ratio is times. (Round to one decimal place.) (Market value analysis) Lei Materials' balance sheet lists total assets of $1.29 billion, $159 million in current liabilities, $479 million in long-term debt, $652 million in common equity, and 50 million shares of common stock. If Lei's current stock price is $46.14, what is the firm's market-to-book ratio? The market-to-book ratio is (Round to two decimal places.)