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As the chief financial officer of Adirondack Designs, you hove 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 hove the following information:
a. Calculate Adirondack's times-interest-earned ratio for next year assuming the firm raises $61 milion of new debt at an interest rate
of 2 percent.
b. Calculate Adirondack's times-burden-covered ratio for next year assuming annual sinking-fund poyments on the new debt will equal
$3.0 milion.
c. Calculate next year's earnings per share assuming Adirondack raises the $61 millon of new debt.
d. Calculate next year's times-Interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 2.6 million
new shares at $22 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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