Chapter 10 Homework Help Save & E The balance sheet for Shaver Corporation reported the following: cash $11,500; short-term investments, $16,500, net accounts receivable. $48,000, inventories. $53,000, prepaids. $16,500; equipment. $102,000, current liabilities, $53,000; notes payable (long- term). $83,000; total stockholders' equity, 5111,500; net income, $4,620; interest expense. $7,000; Income before income taxes, $9,180. 1. Compute Shaver's debt-to-assets ratio and times interest earned ratio (Round your answers to 2 decimal places.) points Ratio 54.95 eBook Debt-to-Assets Times Interest Eamed 2311 References 2-a. Based on these ratios, does it appear Shaver relies mainly on debt or equity to finance its assets? Debt Equity Chapter 10 Homework 6 Ints eBook Print 2-a. Based on these ratios, does it appear Shaver relies mainly on debt or equity to finance its assets? eferences O Debt O Equity 2-b. Is it probable that Shaver will be able to meet its future interest obligations? Yes O No