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The current balance sheet of Waterway Inc. reports total assets of $30 million, total liabilities of $6 million, and stockholders' equity of $24 million. Waterway is considering several financing possibilities in order to expand operations. What will be the effect on Waterway's debt to assets ratio if Waterway issues an additional $10 million in stock to finance its expansion? The additional stock issuance will have no effect on the debt to assets ratio. The debt to assets ratio will decrease from 0.200 (6/30) to 0.150(6/40) after the additional stock sale. The debt to assets ratio will increase from 30 before to 40 after the additional investment The debt to assets ratio will decrease from 6/24 before to 6/36 after the additional stock sale. In a recent year Waterway Corporation had net income of $164000, interest expense of $44000, and tax expense of $12000. What was Waterway Corporation's times interest earned for the year? O 4.00 5.00 0 3.73 0 4.73