Debt analysis Springfield Bank is evaluating CreekEnterprises,which has requested a$ 3,840,000 loan,to assess thefirm'sfinancial leverage and financial risk. On the basis of the debt ratios forCreek,along with the industry averages andCreek's recent financialstatements, evaluate and recommend appropriate action on the loan request.

Industry averages:

Debt ratio 0.48

Times interest earned ratio 7.55

Fixed-paymentcoverage ratio 2.08

CreekEnterprises'sdebt ratio is .72 (Roundto two decimalplaces.)

CreekEnterprises'stimes interest earned ratio is3.20(Roundto two decimalplaces.)

CreekEnterprises'sfixed-payment coverage ratio is ___________?(Roundto two decimalplaces.)