Exercise 9-89 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	8,972		Net income	559
Total assets	38,775		Interest payments	432
Total equity	29,803		Cash flows from operations	1,015
Operating income	1,223		Income tax expenses	266
			Income taxes paid	150

Required:

Calculate the following ratios for Rising Stars. Round your answers to three decimal places.

a. Debt to equity

b. Debt to total assets

c. Long-term debt to equity

d. Times interest earned (accrual basis)

e. Times interest earned (cash basis)