Dynamic Manufacturers Inc. reported the following information in its financial statements: DYNAMIC MANFACTURERS INC. Statement of Financial Position June 30 of 2020 2021 Assets $ 32,000 $ 29,000 Cash 7,500 5,500 Accounts receivable 1,100 1,450 Prepaid Insurance 220,000 175,000 Inventory 145,000 155,000 Building Equipment 36,000 40,000 Total Assets $441,600 $405.950 Liabilities and shareholders' equity Accounts Payable $ 12.500 $14.500 Notes Payable 10.000 Bonds Payable 145.000 Long-Term Debt 116.000 Common shares 23.000 Retained earnings Total liabilities and shareholders' equity Revenue $441 600 5450.000 Operating expenses Profit from operations 210.000 Interest expense 150.000 6.000 Income tax expense Profit 36.000 $108.000 20.250 S60 750 Instructions a) Calculate the company's debt to equity and times interest eamed ratios for each year. b) Determine if the change from 2020-2021 is an improvement or deterioration C) If industry averages for debt to equity is 1.5:1 and times interest eamed is 6 times, are Dynam