The following information is available for Davison Ltd., a private company, for the year ended 31 December 206 : Balance Sheet 31 December Statement of Earnings Additional information: - The company has a $1,000,000,10% bond outstanding. Each $1,000 bond is convertible into 50 common shares at the investor's option. The bond proceeds were split between the debt and equity when the bond was issued. In 206, interest expense of $82 per bond was recognized. - The tax rate is 30%. - In 206, stock options were outstanding to key employees, allowing them to buy 50,000 common shares for $14 per share at any time after 1 January 2018. The common shares were recently valued to be $18 for 206. - 500,000 common shares were outstanding on 31 December 206;50,000 of those shares had been issued for cash on 1 February 206. Additional information: - The company has a $1,000,000,10% bond outstanding. Each $1,000 bond is convertible into 50 common shares at the investor's option. The bond proceeds were split between the debt and equity when the bond was issued. In 206, interest expense of $82 per bond was recognized. - The tax rate is 30%. - In 20X6, stock options were outstanding to key employees, allowing them to buy 50,000 common shares for $14 per share at any time after 1 January 2018. The common shares were recently valued to be $18 for 206. - 500,000 common shares were outstanding on 31 December 206;50,000 of those shares had been issued for cash on 1 February 206. - Preferred shares are cumulative and have a dividend of $2 per share; 25,000 shares are outstanding. Each share can be converted into four common shares at any time. - Davidson Limited declared and paid dividends totalling $28,000 in 206. Required: Calculate the following ratios for 206 based on the financial statements above: (Use 365 days in a year. Do not round your intermediate calculations. Round your final percentage answers to two decimal places i.e., 0.1235 should be considered as 12.35% and all other answers to 2 decimal places.) The following information is available for Davison Ltd., a private company, for the year ended 31 December 206 : Balance Sheet 31 December Statement of Earnings Additional information: - The company has a $1,000,000,10% bond outstanding. Each $1,000 bond is convertible into 50 common shares at the investor's option. The bond proceeds were split between the debt and equity when the bond was issued. In 206, interest expense of $82 per bond was recognized. - The tax rate is 30%. - In 206, stock options were outstanding to key employees, allowing them to buy 50,000 common shares for $14 per share at any time after 1 January 2018. The common shares were recently valued to be $18 for 206. - 500,000 common shares were outstanding on 31 December 206;50,000 of those shares had been issued for cash on 1 February 206. Additional information: - The company has a $1,000,000,10% bond outstanding. Each $1,000 bond is convertible into 50 common shares at the investor's option. The bond proceeds were split between the debt and equity when the bond was issued. In 206, interest expense of $82 per bond was recognized. - The tax rate is 30%. - In 20X6, stock options were outstanding to key employees, allowing them to buy 50,000 common shares for $14 per share at any time after 1 January 2018. The common shares were recently valued to be $18 for 206. - 500,000 common shares were outstanding on 31 December 206;50,000 of those shares had been issued for cash on 1 February 206. - Preferred shares are cumulative and have a dividend of $2 per share; 25,000 shares are outstanding. Each share can be converted into four common shares at any time. - Davidson Limited declared and paid dividends totalling $28,000 in 206. Required: Calculate the following ratios for 206 based on the financial statements above: (Use 365 days in a year. Do not round your intermediate calculations. Round your final percentage answers to two decimal places i.e., 0.1235 should be considered as 12.35% and all other answers to 2 decimal places.)