Question 21 ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $915,000 $885,000 Total Liabilities 639,000 575,000 Cash 58,000 37,000 Interest-bearing Debt 557,000 405,000 Net Income 127,000 128,000 Interest Expense 11,700 10,200 Tax Expense 15,300 18,200 Depreciation Expense 52,500 45,000 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 1.80 1.18 Interest Coverage Ratio 4.05 times 5.35 times IS ABC Corp.'s leverage improving or deteriorating? ABC Corp.'s leverage is deteriorating Is its ability to service its long-term debt improving or deteriorating? Ability to service its long-term debt is deteriorating