A manufacturing company's financials reveal the following ratios: Ratio/Calculation Debt Ratio 2016 2015 2014 40.0% 42.0% 46.0% 2013 2012 Industry Ave. 45.0% 45.0% 52.0% Times Interest Earned Fixed Charge Coverage 7.1 7.1 7.1 6.9 5.4 5.4 5.9 6.9 6.9 7.1 Financial Leverage Ratio 6.9 6.5 1.7 1.7 1.9 1.8 1.8 2.1 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