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Exercise 16-4 Selected financial information for Helmet Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue

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Exercise 16-4 Selected financial information for Helmet Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 4,500,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 30%, and the dividend per share of common stock was $1.29. The market value of the company's common stock at the end of the year was \$37. All of the company's sales are on account. Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier

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