P$2\mathrm{.}5$ Samsonite Corporation: Review the time$-$series of various financial leverage and coverage ratios for Sam$-$

sonite Corporation in Exhibit P$2\mathrm{.}5.($Samsonite designs, develops, manufactures, and sells luggage and travel$-$

related consumer products.$)$

a$.$ Discuss the change in Samsonite's financial leverage and coverage ratios over the time$-$series.

b$.$ Using its financial leverage and coverage ratios, discuss what you know about its common equity.

c$.$ Which is larger$-$interest expense or preferred stock dividends$-$for each year in the time series?

$($Assume that an income tax rate of zero was used to measure the financial ratios.$)$

$"$NMF$"=$ not a meaningful figure