Exercise 9-89 (Algorithmic) Ratio Analysis Rising Stars Academy provided the following information on its 2019 Balance Sheet and Statement of Cash Flows: Long-term debt $ 4,400 Interest expense $ 398 Total liabilities 8,122 Net income 559 Total assets 38,775 Interest payments 432 1,015 Total equity 29,803 Cash flows from operations Operating income 1,223 Income tax expenses Income taxes paid 150 Required: Calculate the following ratios for Rising Stars Academy. Round your answers to three decimal places. a. Debt to equity 0.273 b. Debt to Ch. 9 Homework Content Area 0.209 C. Long-term debt to equity 0.148 d. Times interest earned (accrual basis) 3.073 e. Times interest earned (cash basis) 2.831 x