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:
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 650,000 \\\hline \text { Cost of goods sold } & \underline {422,500} \\\hline \text { Gross profit } & \$ 227,500 \\\hline \text { Operating expenses } & \underline{140,500} \\\hline \text { Operating income } & \$ 87,000 \\\hline \text { Interest expense } & 9,100 \\\hline \text { Income before taxes } & \$ 77,900 \\\hline \text { Income taxes } & 23,400 \\\hline \text { Net income } & \underline {\$ 54,500} \\\hline\\\hline&\begin{array}{lll} \underline {\text { Ending }} \\ \underline {\text { Balances } } \\\end{array} \\\hline \text { Cash } & \$ 19,500 \\\hline \text { Accounts receivable (net) } & 65,000 \\\hline \text { Inventory } & 71,500 \\\hline \text { Plant assets (net) } & 195,000 \\\hline \text { Total assets } & \underline {\$ 351,000} \\\hline\\\hline \text { Current liabilities } & \$ 74,100 \\\hline \text { Long-term notes payable } & 97,500 \\\hline \text { Common stock } & 65,000 \\\hline \text { Retained earnings } & \underline{114,400} \\\hline \text { Total liabilities and equity } & \underline {\$ 351,000}\\\hline\end{array}$ Calculate the following ratios for this company:
(a)Equity ratio.
(b)Pledged assets to secured liabilities ratio.
(c)Times interest earned.