Please answer question 10 & 11

Bayside Inc. 2011 Income Statement (S in thousands) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income $5,680 4,060 420 1,200 30 $1,170 410 $ 760 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2010 and 2011 Balance Sheets (S in thousands) 2010 2011 $ 70 $ 180 Accounts payable 980 840 Long-term debt 1.560 1,990 Common stock $2,610 $3,010 Retained earnings 3.600 3,360 $6.210 S6,370 Total liabilities & equity 2010 2011 $1,350 $1,170 720 500 3,200 3,500 9440 1.200 S6,210 S6,370 Question 10 1 pts What is the debt-equity ratio for 2011? 22.5% 26.2% 35.5% 45.1% 47.7% Question 11 1 pts What is the times interest earned ratio for 2011? 30 36 40 50 54