The classifed balance sheet and selected income statement data for Angelou, Inc., as of December 31, 2018, are presented next (Click the icon to view the classified balance sheet) (Click the icon to view the selected income statement data) Read the requirements Requirement 1. Calculate Angelou, Inc.'s debt ratio and interest coverage ratio as of December 31, 2018. Round to two decimal places. Begin by calculating Angelou, Inc's debt ratio. Select the formula and then enter the amounts to calculate the ratio (Abbreviation used. EBIT Earnings before interest and taxes. Enter the ratio as a decimal to two places, XX) Total liabilities EBIT Total assets Debt ratio Now calculate Angelou, Inc.'s interest coverage ratio. Select the formula and then enter the amounts to calculate the ratio (Abbreviation used EBIT Eamings before unrest and taxes. Round the ratio to two decimal places. XX.) Interest expense Interest coverage ratio Requirement 2. What percentage of Angelou, Inc.'s assets belong to the stockholders? (Enter the amount as a whole percent, X%) % of the company's assets belong to the stockholders Requirement 3. Would you be willing to extend credit to Angelou, Inc.? Why or why not? (Assume that the average debt ratio for most companies ranges from 0.57 to 0.67 and the average interest noverage ratio for most companies ranges from 1 to 3.) indicating that its ability to repay any additional debt is be willing to extend credit to Angelou since the company's debt ratio is The interest coverage ratio Daid tab Cass Accounts receivable Supplies Prepaid rent Tobal current asses 22,000 Accounts payable 9.900 2.400 Salaries payable 1,700 Data table 700 Uneamed service revenue 17.700 2.800 Note payable 6,000 27.900 Total current liabilities 35,300 Selected Income Statement Data Gross profe $ 272,300 Fixed assets Land Long-term debt Operating expenses 164,200 80,000 Mortgage note payable 12,000 Earnings before interest and taxes. 108,100 80.000 Interest expense. 17,300 Equipment 32,000 Bonds payable Less Accumulated Total long-term debt 92,000 Income tax expense 37,700 Net income 53,100 7,000 depreciation, equipment 25,000 Building 210,000 Stockholders' Equity Less Accumulated Common stock 25,000 depreciation, building 185.000 Retained earnings 24,000 100.000 Print Done Total fixat assas 290,000 Total stockholders' equity 190,000 Total assets $317.900 Total Sabilities and stockholders' equity $317,900 intar is Being to repay my shade SAT X