Problem 2. Bart Manufacturing has $500 million of assets and $200 million of liabilities. Earnings before interest and taxes were $120 million, interest expense was $28 million, the tax rate was 40%, principal repayment requirements were $24 million, and annual dividends were 30 cents per share on 20 million shares outstanding. a. Calculate the following for Barr Manufacturing: 1. Liabilities-to-equity ratio 2. Times-interest-earned ratio 3. Times burden covered b. What percentage decline in earnings before interest and taxes could Bart Manufacturing have sustained before failing to cover their: 1. Interest payment requirements? 2. Principal and interest requirements? 3. Principal, interest, and common dividend payments?