FIND :

Debt ratio
Times interest earned ratio
Fixed-payment coverage ratio

Creek, along with the industry averages and Creek's recent financial statements, evaluate and recommend appropriate action on the loan request. Creek Enterprises Income Statement: Creek Enterprises Balance Sheet: Creek Enterprises's debt ratio is (Round to two decimal places.) Creek Enterprises Income Statement for the Year Ended December 31, 2019 \begin{tabular}{lrr} \hline Sales revenue & $29,959,000 \\ Less: Cost of goods sold & 20,980,000 \\ Gross profits & & $8,979,000 \\ Less: Operating expenses & $2,970,000 & \\ Selling expense & 1,820,000 & \\ General and administrative expenses & 174,000 & \\ Lease expense & 950,000 & \\ Depreciation expense & & 5,914,000 \\ Total operating expense & $3,065,000 \\ Operating profits & 1,041,000 \\ \cline { 3 } Less: Interest expense & $2,024,000 \\ Net profits before taxes & 425,040 \\ Less: Taxes (rate =21% ) & $1,598,960 \\ Net profits after taxes & 102,000 \\ Less: Preferred stock dividends & $1,496,960 \\ Earnings available for common stockholders & & \\ \hline \end{tabular} of the lease have yet to run. Required annual principal payments are $773,000