Question: b . Compute times interest earned and the debt - to - equity ratio for each year and discuss any trends for each. Note: Round

b. Compute times interest earned and the debt-to-equity ratio for each year and discuss any trends for each.
Note: Round your answers to the nearest million euros.
Numerator ( millions)Denominator ( millions)Result2018 Times-interest-earned ratioAnswer 17Answer 18=2019 Times-interest-earned ratioAnswer 19Answer 20=2020 Times-interest-earned ratioAnswer 21Answer 22=2018 Debt-to-equity ratioAnswer 23Answer 24=2019 Debt-to-equity ratioAnswer 25Answer 26=2020 Debt-to-equity ratioAnswer 27Answer 28=
Times-interest-earned ratio Answer 29IncreasedDecreased from 2018 to 2019.
Times-interest-earned ratio Answer 30IncreasedDecreased from 2019 to 2020.
Debt-to-equity ratio Answer 31IncreasedDecreased from 2018 to 2019.
Debt-to-equity ratio Answer 32IncreasedDecreased from 2019 to 2020.

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