14-17. Risk Analysis Using Liquidity, Solvency and Coverage Ratios Following are liquidity, solvency and coverage ratios for Pier 1 Imports for two recent fiscal years. Is the company more or less risky to creditors in 2019 compared to 2014? Use the internet to determine what 9.9% 1.1 crucial event transpired in February 2020 concerning Pier 1 Imports. What is your reaction to that news? LO3 Ratio PIER 1 IMPORTS (PIR) 2019 2014 1.757 0.282 ... 2.168 0.569 Liquidity ratios Current ratio. Quick ratio Solvency ratios Liabilities-to-equity ratio Total debt-to-equity ratio Coverage ratios Times interest earned Cash from operations to total debt.. Free operating cash flow to total debt 6.330 2.766 0.788 0.021 (12.298) (0.399) (0.102) 68.235 16.761 8.308