Rising Stars Academy provided the following information on its 2019 balance sheet and statement of cash flows:

Required:
1. Calculate the following ratios for Rising Stars:
(a) Debt to equity,
(b) Debt to total assets,
(c) Long-term debt to equity,
(d) Times interest earned (accrual basis),
(e) Times interest earned (cash basis).
2. Interpret these results.

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Long-term debt Total liabilities Total assets Total equity Operating income Interest expense Net income Interest payments Cash flows from operations Income tax expenses Income taxes paid $ 398 $ 4,400 8,972 38,775 29,803 1,223 559 432 1,015 266 150