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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
As the chief financial officer of Adirondack Designs, you have the following information:
a Calculate Adirondack's timesinterestearned ratio for next year assuming the firm raises $ million of new debt at an interest rate
of percent.
b Calculate Adirondack's timesburdencovered ratio for next year assuming annual sinkingfund payments on the new debt will equal
$ million.
c Calculate next year's earnings per share assuming Adirondack raises the $ million of new debt.
d Calculate next year's timesinterestearned ratio, timesburdencovered ratio, and earnings per share if Adirondack sells million
new shares at $ a share instead of raising new debt.
Note: Do not round intermediate calculations. Round "Earnings per share" answers to decimal places and other answers to
decimal place.
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