The following information is available for Banner Company:

Calculate the following:

a. 2019 debt-to-equity ratio.

b. 2019 times-interest-earned ratio.

c. 2019 operating-cash-flow-to-capital-expenditures ratio.

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Annual Data Interest expense.. Income tax expense. 2019 $ 85,000 2018 $ 82,000 Net income..... Capital expenditures.... Cash provided by operating activities.. 203,500 185,000 496,500 425,000 320,000 380,000 450,000 390,000 Year-End Data Total liabilities.. Total stockholders' equity. Dec. 31, 2019 Dec. 31, 2018 $2,400,000 $1,900,000 4,200,000 3,800,000