E13-8B

B. Ratios Analyzing Long-Term Firm Solvency Thefollowing information is available for Percy LO Company Annual Data 2016 2015 Income tax expense. ..$170,000 Capital expenditures . Cash provided by operating activitis 126,000 117,000 435,000 350,000 247,000 223,000 Year-End Data Dec. 31, 2016 Dec. 31, 2015 2,200,000 1,900,000 Calculate the following: a. 2016 debt-to-equity ratio b. 2016 times-interest-earned rat ico c 2016 operating-cash-flow-to-capital-expenditures ratio csnaration has onlv common stock out- LO