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 $875,000 625,000 35,000 525,000 125.000 7,500 15,000 42,500 2019 $865,000 525,000 35,000 365,000 114.000 5,500 15,000 32.500 Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 20198 2020. (Round answers to 2 decimal places, e.g. 15.25.) 2020 2019 Debt to Equity Ratio Interest Coverage Ratio times times

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