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As the chief financial officer of Adirondack Designs, you have the following information: a . Calculate Adirondack's times - interest - earned ratio for next

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As the chief financial officer of Adirondack Designs, you have the following information:
a. Calculate Adirondack's times-interest-earned ratio for next year assuming the firm raises $58 million of new debt at an interest rate
of 3 percent.
b. Calculate Adirondack's times-burden-covered ratio for next year assuming annual sinking-fund payments on the new debt will equal
$4.5 million.
c. Calculate next year's earnings per share assuming Adirondack raises the $58 million of new debt.
d. Calculate next year's times-interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 2.3 million
new shares at $25 a share instead of raising new debt.
Note: Do not round intermediate calculations. Round "Earnings per share" answers to 2 decimal places and other answers to 1
decimal place.
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