As the chief financial officer of Adirondack Designs, you have the following information: Next year's expected net income after tax but before new financing Sinking-fund payments due next year on the existing debt Interest due next year on the existing debt Common stock price, per share Common shares outstanding Company tax rate $54 million $ 29 million $ 24 million $35.0 a. Times interest earned b. Times burden covered c. Earnings per share d. Times interest earned d. Times burden covered d. Earnings per share 34 million 30% a. Calculate Adirondack's times-interest-earned ratio for next year assuming the firm raises $64 million of new debt at an interest rate of 4 percent. b. Calculate Adirondack's times-burden-covered ratio for next year assuming annual sinking-fund payments on the new debt will equal $5.0 million. c. Calculate next year's earnings per share assuming Adirondack raises the $64 million of new debt. d. Calculate next year's times-interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 2.9 million new shares at $19 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.

As the chief financial officer of Adirondock Designs, you hove the following information: liext year's expected net incoee after tax but before nes financing: Sinking-fund pyynents due next year on the existing debt Interest doe sext year on the existing debt Comon stock price, per share coemon shares outstandine Company tax rate 0. Colculote Adirondack's times-interest-earned ratio for next year assuming the firm raises 564 million of new debt at an interest rate of 4 percent. b. Calculate Adirondack's times-burden-covered ratio for next year assuming annual sinking-fund payments on the new clebt will equal $50 million. c. Calculate next year's earnings per share ossuming Adirondack raises the $64 million of new debt. d. Calculate next year's times-interest-eamed ratio, times-burden-covered ratio, and earnings per share if Adirondock sells 29 million new shares at 519 o share insteod of raising new debt. Note: Do riot round intermediate colculations. Round "Eornings per share" onswers to 2 decimol pleces and other answers to 1 decimal plece