R32 million, the tax rate was 35%, principal repayment requirements were R25 million, and annual dividends were 30 cents per share on 25 million shares outstanding. a. Calculate the following for Natural Selection: i. Liabilities-to-equity ratio (1 mark) ii. Times-interest-earned ratio (1 mark) iii. Times burden covered ( 2 marks) b. What percentage decline in earnings before interest and taxes could Natural Selection have sustained before failing to cover: i. Interest payment requirements (2 marks) ii. Principal and interest requirements ( 2 marks) iii. Principal, interest, and common dividend payments ( 2 marks) Maximum number of characters (including HTML tags added by text editor): 32,000