Baker Plumbing Products Ltd. reported the following data in 2021 (in millions): Click the icon to view the financial statements.) Compute Baker's leverage ratio, debt ratio, and times-interest-earned ratio, and write a sentence to explain what those ratio values mean. Use year-end figures in place of averages where needed for the purpose of calculating the ratios. Would you be willing to lend Baker $1 million? Why or why not? (Enter all amounts in millions.) First, compute Baker's leverage ratio. Determine the formula for the leverage ratio. Then enter the amounts to calculate the leverage ratio. (Round your answer to two decimal places, X.XX.) Leverage ratio + (Enter dollar amount to the nearest cent.) This means that Baker has of + = Now determine the formula for the debt ratio. Then enter the amounts to calculate the debt ratio. (Round your answer to two decimal places, X.XX.) Debt ratio (Enter dollar amount to the nearest cent.) This means that Baker has of Determine the formula for the times-interest-earned ratio. Then enter the amounts to calculate the times-interest-earned ratio. (Round your answer to two decimal places, X.XX.) Time-interest-earned ratio (Enter dollar amount to the nearest cent.) This means that for every dollar of Baker has earned of Next Baker Plumb (Click the Compute Bal for the purpo Data table (Enter dollar This means Now determi Net operating revenues Operating expenses Operating income Nonoperating items: Interest expense Other Net income Total assets (Enter dollar Total stockholders' equity This means Determine th (Enter dollar amount to the nearest cent.) This means that for every dollar of (1.2) point(s) possible s mean. Use year-end figures in place of averages where needed ons.) (0.1) $ 3.0 hal places, X.XX.) $ 350.0 Print Done 154.0 Baker has earned of Would you be willing to lend Baker $1 million? State your reason. Baker's debt ratio is and the company und your answer to two decimal places, X.XX.) its existing interest expense. I be willing to lend Baker $1 million. Next