Your company's summarized financial information for the beginning & projected end of the current year is as follows:

Your company is considering issuing 30 bonds at the end of the year (December 31st). The bonds will pay 9% interest semi-annually for 10 years & the market rate for similar bonds is 7%. Calculate the following ratios with and without the bond issue.

Review question: how much did the company pay in dividends (if any)? The company did not issue or repurchase any stock during the year.