Homework: Chapter 3 - Fin. Stat.& Ratio Analysis (HW) Save Score: 0.14 of 1 pt 30f 8 (7 complete) HW Score: 74.64%, 5.97 of 8 pts %) P3-18 (similar to) Question Help Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $3,510,000 loan, to assess the firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creek's recent financiastatements, evaluate and recommend appropriate action an the loan request. ndustry averages Creek Enterprises Income Statement: Debt ratio Times interest earned ratio Fxed-payment coverage ratio 0.44 7.25 1.80 Creek Enterprises Balance Sheet Creek Enterprises's debt ratio is .72. (Round to two decimal places.) Creek Enterprises's tmes interest earned ratio is 2.88. (Raund to two decimal places.) Creek Enterprises's fxed-payment coverage ratio is(Round to two decimal places.)