Debt Management Ratios: Financial statements for Steele-Inc. follow. Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS Dec. 31, 2023 Dec. 31,2022 Current assets: Cash and equivalents Accounts receivable Inventories: Other Total current assets Property and equipment, net Other assets Total assets LIABILTTIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses $320,5581,056,911$41,235837,377 733,700803,707 Other current liabilities \begin{tabular}{rr} \hline 109,456 & 101,811 \\ \hline$2,220,625 & $1,784,130 \\ 1,666,588 & 1,813,948 \\ 247,892 & 248,372 \\ \hline$4,135,105 & $3,846,450 \\ \hline \end{tabular} Income taxes Totai current liabilities \begin{tabular}{rr} $5250,363 & $309,092 \\ 347,892 & 274,220 \\ 15,700 & 0 \\ 93,489 & 137,466 \\ \hline$707,444 & $720,778 \end{tabular} Accounts payable Accrued expenses Other current liabilities Income taxes Total current liabilities Long-term debt Deferred income taxes Other long-term liabilities Total liabilities Stockholders' equity: Preferred stock Common stock \begin{tabular}{rr} 93,489 & 137,466 \\ \hline$707,444 & $720,778 \\ 650,000 & 541,639 \\ 275,101 & 274,844 \\ 61,267 & 41,572 \\ \hline 1,693,812 & 1,578,833 \\ \hline \end{tabular} Additional paid-in capital-commen stock Retained earnings Less: Treasury stock, at cost Total stockholders' equity Total llabilities and stockholders' equity Required: Check My Work Required: 1. Compute the five debt management ratios for 2022 and 2023. Round your answers to two decimal places. 2. Conceptual Coninection: Indicate whether the ratios have changed significantly from 2022 to 2023. Times interest earned ratio decreased, other ratios did not change by much. Do the ratios suggest that Steele is more or less risky for long-termi creditors at December 31, 2023, than at December 31,2022