find A, B and C

Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Sunland Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $398,000 $417.450 Accounts receivable, net 1.099,000 776,450 Inventory 746,000 681,000 381,350 247,000 Other current assets Total current assets 2,624,350 2,121,900 Property, plant, & equipment, net 8.645,005 8.440,010 $11.269,355 $10.561.910 Total assets Tiabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current liabilities $3,209,000 $2,846,050 Long-term debt 3,702,600 3,892,700 Total liabilities 6,911,600 6,738,750 Preferred stock, $5 par value 58,950 59.000 Common stock, $0.25 par value 104,650 103,850 Retained earnings 4,194,155 3,660,310 Total stockholders' equity 4,357.755 3,823,160 $11.269,355 $10,561,910 Total liabilities and stockholders' equity Sunland Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 For the Year 2020 2019 $10,177,250 $9,613,900 5,612,700 5,298.700 Sales revenue (all on account) Cost of goods sold Gross profit Operating expenses 4,564,550 4,315,200 2,840,300 2,634,200 Net operating income 1,724,250 1,681,000 Interest expense 300,400 308,700 Net income before taxes 1,423,850 1.372,300 Income taxes (30%) 427,155 411.690 $996,695 $960,610 Net income Dividends paid Preferred dividends Common dividends 29,500 29.550 433,350 413,050 462,850 442.600 Total dividends paid 533,845 518,010 Net income retained 3,660,310 3,142,300 Retained earnings, beginning of year $4,194,155 $3,660,310 Retained earnings, end of year 29,500 29,550 433,350 413,050 Dividends paid Preferred dividends Common dividends Total dividends paid Net Income retained Retained earnings, beginning of year Retained earnings, end of year 462,850 442,600 533,845 518,010 3,660,310 3,142,300 $4,194,155 $3,660,310 Calculate the following leverage ratios for 2020. (Round all answers to 2 decimal places, e 255% or 2.55.) 54.11 % a. Debt ratio 20.78 b. Debt-to-equity ratio 231 times C. Times interest earned ratio