A Company's Calendar-Year Financial Data Are Shown Below Calculate the Following Ratios for This Company:
(A)Equity Ratio

A company's calendar-year financial data are shown below.The company has pledged all of its net plant assets as security for its long-term notes payable:
$\begin{array}{|l|r|}\hline\text { Sales } & \$ 650,000 \\\hline \text { Cost of goods sold } & \underline{422,500} \\\hline \text { Gross profit } & \$ 227,500 \\\hline \text { Operating expenses } & \underline{140,500} \\\hline \text { Operating income } & \underline{97,000} \\\hline \text { Interest expense } & \$ 77,900 \\\hline \text { Income before taxes } & 23,400 \\\hline \text { Income taxes } & \$ 54,500 \\\hline \text { Net income } & \$ 5,000 \\\hline\\\hline &\text {Ending}\\&\text {Balances}\\\hline \text { Cash } & \$ 19,500 \\\hline \text { Accounts receivable (net) } & 65,000 \\\hline \text { Inventory } & 71,500 \\\hline \text { Plant assets (net) } & 195,000 \\\hline \text { Total assets } & \$ 351,000 \\\hline\\\hline \text { Current liabilities } & \$ 74,100 \\\hline \text { Long-term notes payable } & 97,500 \\\hline \text { Common stock } & 65,000 \\\hline \text { Retained earnings } & \underline{114,400} \\\hline \text { Total liabilities and equity } & \$ 351,000 \\\hline\end{array}$
Calculate the following ratios for this company:
(a)Equity ratio.
(b)Pledged assets to secured liabilities ratio.
(c)Times interest earned.