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6 The balance sheet for Shaver Corporation reported the following cash, $14,000; short-term investments, $19,000; net accounts term), $88,000; total stockholders' equity, $132,000, net income,

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The balance sheet for Shaver Corporation reported the following cash, $14,000; short-term investments, $19,000; net accounts term), $88,000; total stockholders' equity, $132,000, net income, $5.120; interest expense, $8.000; income before income taxes. $10,680. Required: 1. Compite Shaver's debt-to-assets ratio and times interest earned ratio. 2-a. Based on these ratios, does it appear Shaver relies mainly on debt or equity to finance its assets? 2b. Is it probable that Shaver will be able to meot its future interest obligations? Complete this question by entering your answers in the tabs below. Compute Shaver's debt-to-astots ratio and times interest earned ratio. (Round your antwers to 2 decimal places)

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