eBook Problem 14-04 You are considering purchasing the preferred stock of a firm but are concerned about its capacity to pay the dividend. To help allay that fear, you compute the times-preferred-dividend-earned ratio for the past three years from the following data taken from the firm's financial statements: Year Operating income Interest Taxes Preferred dividends Common dividends 20X1 20X2 20x3 $15,000,000 $17,000,000 $20,000,000 6,100,000 7,400,000 7,400,000 4,200,000 3,800,000 6,000,000 1,200,000 1,100,000 900,000 3,000,000 2,800,000 Round your answers to two decimal places. 20X1: 20X2: 20x3: What does your analysis indicate about the firm's capacity to pay preferred stock dividends? Times preferred dividend earned has -Select- each year, which indicates the firm's capacity to pay the dividend has -Select