Use the following information to compute the required ratios Dec 31, 2006 Dec. 31, 2005 Liabilities Current liabilities $ 290,000 $ 250,000 Long-term liabilities Mortgage note payable, 8%, due 2011 $ 300,000 Bonds payable, 124, due 2015 600,000 $400,000 Total long-term liabilities 5 900.000 $ 400,000 Total liabilities $1,190,000 $ 650,000 Stockholders' Equity Preferred 56 stock, 5100 per $ 250,000 $ 200,000 Common stock, 510 par 350,000 350,000 Retained earnings 421,000 375,000 Total stockholders' equity $1,021,000 5 925,000 Total liabilities and stockholders' equity $2,211,000 51.575,000 Total operating experies Income from operations Other income $465.000 $185.000 20.000 $ 205,000 96,000 $ 109,000 41.000 68.000 5440,000 $130,000 15,000 $145.000 48.000 $97.000 20.000 $ 67,000 Other expense interest) Income before income tax Income tax expense Net Income Calculate for the year 2006 1. Ratio of fixed assets to long-term liabilities (fixed assets for the year 2005 $ 760,000 and for the year 2006 $1,040,000) 1. Ratio of liabilities to stockholders' equity 2. Number of times interest charges earned 3. Number of times preferred dividends earned