Problem 3 The balance sheet for the Big Bunny Corp. showed liabilities and stockholders' equity balances at the end of each year as given below: 2021 2020 Current liabilities ..... .851284845451424 P 750,000 P 600,000 12% Bonds payable . 1,200,000 1,200,000 Preferred 10% stock, P100 par ..... .... 900,000 750,000 Common stock, P20 par . 2,250,000 1,875,000 Additional paid-in capital ............ 450.000 375,000 Retained earnings ......... 750,000 540,000 Net income .. 375,000 300,000 Market price per share, December 31 65 60 Common stock dividends 75,000 45,000 Tax rate for 2021 is 40%. Round to two decimal places. Based on the data provided, compute the following ratios for 2021: 6. The rate of earnings on average total stockholders' equity. 7. The number of times bond interest requirements were earned. 8. The earnings per share on common stock. 9. The price-earnings ratio. 10. Debt-to-equity ratio