$$

Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $$3,550,000$ loan, to assess the firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creek's recent financial statements, evaluate and recommend appropriate action on the loan request.

$\backslash$table$[[$Industry averages$],[$Debt ratio,$0\mathrm{.}47],[$Times interest earned ratio,$7\mathrm{.}28],[$Fixed$-$payment coverage ratio,$2\mathrm{.}03]]$

Creek Enterprises Income Statement:

Creek Enterprises Balance Sheet:

Creek Enterprises's debt ratio is $.($Round to two decimal places.$)$

Creek Enterprises's times interest earned ratio is $.($Round to two decimal places.$)$

Creek Enterprises's fixed$-$payment coverage ratio is $.($Round to two decimal places.$)$

Complete the following summary of ratios and compare Creek Enterprises's ratios vs$.$ the industry average: $($Round to two decimal places.$)$

$\backslash$table$[[,$Creek,Industry$],[$Debt ratio,$0\mathrm{.}47,],[$Times interest earned ratio,$7\mathrm{.}28,],[$Fixed$-$payment coverage ratio,$2\mathrm{.}03,]]$

Do you agree or disagree with the decision below?