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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
As the financial vice president of Progressive Media, you have the following information:
Next year’s expected net income after tax but before

a. Calculate Progressive’s times-interest-earned ratio for next year assuming the firm raises $50 million of new debt at an interest rate of 7 percent.
b. Calculate Progressive’s times-burden-covered ratio for next year assuming annual sinking-fund payments on the new debt will equal $8 million.
c. Calculate next year’s earnings per share assuming Progressive raises the $50 million of new debt.
d. Calculate next year’s times-interest-earned ratio, times-burdencovered ratio, and earnings per share if Progressive sells 2 million new shares at $20 a share instead of raising new debt.
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