Ch 10 Assignment Question 2 of 4 < View Policies Current Attempt in Progress ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $907,000 $865,000 Total Liabilities 657,000 533,000 Cash 45,000 46,000 Interest-bearing Debt 565,000 377,000 Net Income 165,000 130,000 Interest Expense 10,500 6,500 Tax Expense 22,500 17,800 Depreciation Expense 53,500 44,000 -/3 E ! Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 2019 & 2020. (Round answers to 2 decimal places, e.g. 15.25.) Debt to Equity Ratio Interest Coverage Ratio eTextbook and Media 2020 Is ABC Corp's leverage improving or deteriorating? ABC Corp's leverage is times Is its ability to service its long-term debt improving or deteriorating? Ability to service its long-term debt is eTextbook and Media 2019 times