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The balance sheet for Shaver Corporation reported the following: cash. $6.000; short-term investments, $11,000, net accounts receivable, $37,000; Inventories, $42.000, prepaids. $11,000, equipment, $108,000, current

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The balance sheet for Shaver Corporation reported the following: cash. $6.000; short-term investments, $11,000, net accounts receivable, $37,000; Inventories, $42.000, prepaids. $11,000, equipment, $108,000, current liabilities, $42.000, notes payable (long- term). $72,000; total stockholders' equity, $101,000; net income, $3,520; interest expense, $4,800; income before income taxes. $5,880. 1. Compute Shaver's debt-to-assets ratio and times interest earned ratio. (Round your answers to 2 decimal places.) Ratio Debt-to-Assets Times Interest Eamed Eamed

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