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A manufacturing company's financials reveal the following ratios: Ratio/Calculation 2016 2015 2014 2013 2012 Industry Ave. Debt Ratio 40.0% 42.0% 46.0% 45.0% 45.0% 52.0% Times

A manufacturing company's financials reveal the following ratios:
Ratio/Calculation20162015201420132012Industry Ave.
Debt Ratio40.0%42.0%46.0%45.0%45.0%52.0%
Times Interest Earned7.17.17.16.96.97.1
Fixed Charge Coverage5.45.45.96.96.96.5
Financial Leverage Ratio1.71.71.91.81.82.1
Based on your review of this company's debt paying ability ratios and their comparison to the industry averages, comment on this company's debt-paying ability and financial leverage position.

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