Question: ABC Co, financial data for 2020 & 2019 are given below: Total Assets Total Liabilities Cash Interest-bearing Debt Net Income Interest Expense Tax Expense Depreciation

ABC Co, financial data for 2020 & 2019 are given below: Total Assets Total Liabilities Cash Interest-bearing Debt Net Income Interest Expense Tax Expense Depreciation Expense 2020 2019 $899,000 $873,000 673,000 $25,000 36,000 44,500 545,000 395,000 151,000 125,000 11,100 7,700 22,500 19,400 43,000 35,000 Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 2019 a 2020. (Round answers to 2 decimal places, e.g. 15.25.) 2020 2019 Debt to Equity Ratio Interest Coverage Ratio times Is ABC Corp.'s leverage improving or deteriorating? ABC Corp's leverage is Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 2019 2020. (Hound answers to 2 decimal places, e.g. 15.25.) 2020 Debt to Equity Ratio Interest Coverage Ratio Is ABC Corpsleverage improving or deteriorating? ABC Corp.'s leverages Is its ability to service its long-term debt improving or deteriorating? Ability to service its long-term debt is

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