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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

$1,716 $2,686 $3,231

Interest expense

159 347 429

Cash

52 124 228

Current liabilities (does not include any debt)

607 769 1,091

Bank loan payable (all long-term)

2,020 4,390 4,250

Shareholders equity

4,251 5,110 7,220

(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 Net debt as a percentage of total capitalization Interest coverage

2018

Enter percentages. % Enter percentages. % Enter a number of times. times

2019

Enter percentages. % Enter percentages. % Enter a number of times. times

2020

Enter percentages. % Enter percentages. % Enter a number of times. times

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