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As the chief financial officer of Adirondack Designs, you have the following information: Next year's expected net incone after tax but before new financing sinking-fund

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As the chief financial officer of Adirondack Designs, you have the following information: Next year's expected net incone after tax but before new financing sinking-fund paynents due next year on the existing debt Interest due next year on the existing debt Conson stock price, per share Connon shares outstanding Conpany tax rate a. Caiculate Adirondack's timesinterest-earned ratio for next year assuming the firm raises $54 million of new debt at an interest rate. of 3 percent. b. Calculate Adirondack's times-burden-covered ratio for next year assurning annuat sinking-fund payments on the new debt will equal $6.5 million. c. Calculate next year's earnings per share assuming Adirondack raises the $54 million of new debt. d. Calculate next year's times-interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 1.9 million new shares at $29 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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