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The balance sheet for Shaver Corporation reported the following: cash, $7,000; short-term investments, $12.000; net accounts receivable, $39,000; inventories, $44,000: prepaids, $12,000; equipment, $116,000; current

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The balance sheet for Shaver Corporation reported the following: cash, $7,000; short-term investments, $12.000; net accounts receivable, $39,000; inventories, $44,000: prepaids, $12,000; equipment, $116,000; current liabilities, $44,000; notes payable (long- term), $74,000; total stockholders' equity, $130,000; net income, $3,720; interest expense, $5,200; income before income taxes, $6,480 1. Compute Shaver's debt-to-assets ratio and times interest earned ratio. (Round your answers to 2 decimal places Ratio Debi-to-Assets Times Interest Earned

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