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 20X1 $19,000,000 8,900,000 5,900,000 900,000 2,900,000 Taxes 20x2 $13,000,000 3,000,000 4,300,000 1,400,000 3,300,000 20x3 $15,000,000 9,800,000 4,000,000 1,000,000 Preferred dividends Common dividends two decimal places. Round your answers 2001: 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