You have been asked to evaluate the long-term borrowing position of Client, Inc. However, you were given only the following limited information.

Bonds payable, 12%	$1,000,000
Stockholders' equity	1,820,000
Current assets	1,890,000
Tangible assets, net	1,600,000
Intangible assets	40,000
Investments	120,000
Other assets	90,000
Sales	3,920,000
Operating expenses	3,520,000

Required:

Assuming that this is the only information you will receive, estimate the following ratios:

a.	Times interest earned ratio
b.	Debt ratio
c.	Debt/equity ratio
d.	Debt to tangible net worth ratio