ABC Co. financial data for 2020 & 2019 are given below:

		2020		2019
Total Assets		$925,000		$915,000
Total Liabilities		667,000		527,000
Cash		36,000		45,000
Interest-bearing Debt		527,000		371,000
Net Income		169,000		127,000
Interest Expense		9,500		5,900
Tax Expense		21,000		18,600
Depreciation Expense		44,500		38,500

Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 2019 & 2020. (Round answers to 2 decimal places, e.g. 15.25.)

		2020			2019
Debt to Equity Ratio
Interest Coverage Ratio			times			times

Is ABC Corp.s leverage improving or deteriorating? ABC Corp.s leverage is improvingdeteriorating . Is its ability to service its long-term debt improving or deteriorating? Ability to service its long-term debt is improvingdeteriorating .

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