Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $4,080,000 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. 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 Creek Enterprises's fixed-payment coverage ratio is Complete the following summary of ratios and compare Creek Enterprises's ratios vs. the industry average: (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) Do you agree or disagree with the decision below? Because Creek Enterprises has a much higher degree of indebtedness and much lower ability to service debt than the average firm in the industry, the loan should be rejected. (Select from the drop-down menu.)