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(Debt to equity, debt as a percentage of total capitalization, and interest coverage) The following financial information relates to Artscan Enterprises Inc. (amounts in thousands):

(Debt to equity, debt as a percentage of total capitalization, and interest coverage) The following financial information relates to Artscan Enterprises Inc. (amounts in thousands): 2018 2019 2020 Income before depreciation, amortization, interest, and taxes $1,642 $2.811 $3,094 Interest expense 146 356 476 Cash 54 124 237 Current liabilities (does not include any debt) 656 823 1,099 Bank loan payable (all long-term) 2.110 4.170 4,790 Shareholders' equity 4.460 6.020 6,572 (a) Calculate the debt to equity, net debt as a percentage of total capitalization, and interest coverage ratios. (Round answers to 1 decimal place, e.g. 18.4 or 15.3%.) Debt to equity ratio 2018 47.3 % 2019 Net debt as a percentage of total capitalization Interest coverage 31.5 % 11.2 times 69.2 % 40.1 96 7.9 times 2020 72.8 % 40.9 96 6.5 times

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