es Mini-Exercise 11-4 (Algo) Calculate financial leverage measures The following information was available for the year ended December 31, 2019: a b Earnings before interest and taxes (operating income) Interest expense Income tax expense Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round your answer to 2 decimal places.) c. Calculate the times interest earned for the year ended December 31, 2019. (Round your answer to 2 decimal places.) C Net income Total assets at year-end Total liabilities at year-end Debt ratio Debt/Equity ratio Times interest earned % $ 87,000 19,000 24,000 44,000 290,000 156,000 times times

Mini-Exercise 11-4 (Algo) Calculate financial leverage measures The following information was available for the year ended December 31, 2019: Required: o. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round your answer to 2 decimal places.) c. Calculate the times interest earned for the year ended December 31, 2019. (Round your answer to 2 decimal places.)