Evensen Plumbing Products Ltd. reported the following data in 2020 (in millions): (Click the icon to view the financial statements.) Compute Evensen's leverage ratio, debt ratio, and times-interest-eared ratio, and write a sentence to explain what those ratio values mean. Would you be willing to lend Evensen $1 million? State your reason. E. First, compute Evensen's leverage ratio. Determine the formula for the leverage ratio. Then, complete the formula and calculate the leverage ratio. (Enter all amounts in millions. Round your answer to two decimal places, X.XX.) Leverage ratio This means that Evensen has of - Financial statements Now, determine the formula for the debt ratio. Then, complete the formula and calculate the debt ratio. (Enter all amounts in millions. Round your answer to two decimal places, X.XX.) Debt ratio 2020 S 30.3 26.1 This means that Evensen has $ in Determine the formula for the times-interest-earned ratio. Then, complete the formula and calculate the debt ratio. (Enter all amounts in millions. Round your answer to two decimal places, X.XX.) Time-interest-earned ratio Net operating revenues Operating expenses Operating income Non-operating items: Interest expense 4.2 (0.6) (0.4) Other This means that $ 3.2 Net income Would you be willing to lend Evensen $1 million? State your reason. Total assets S 250.0 Evensen's debt ratio is and the company V its existing interest expense. be willing to lend Evensen $1 million. 105.0 Total shareholders' equity Print Done