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Ratios Analyzing Long-Term Firm Solvency The following information is available for Percy Company Annual Data 2013 2012 Interest expense $205,000 $196,000 Income tax expense 156.000

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Ratios Analyzing Long-Term Firm Solvency The following information is available for Percy Company Annual Data 2013 2012 Interest expense $205,000 $196,000 Income tax expense 156.000 147.000 Net income 294.000 273.000 Capital expenditures 440,000 350,000 Cash provided by operating activities 277.000 253,000 Year-End Data Total liabilities Total stockholders' equity Dec 31, 2013 Dec 31, 2012 $3,330,000 $2,900,000 2.200.000 1.900.000 Calculate the following: Note: Round all answers to two decimal places. a. 2013 debt-to-equity ratio. 6. 2013 times-interest-earned ratio. c. 2013 operating-cash-flow-to-capital-expenditures ratio

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