Fred Fernando from Fantastic Frames Pty Ltd has invested $90,000 in frame formation equipment to form frames in-house rather than outsourcing this aspect of the business. Fred has provided the financial data below for before and after his investment: Required: Calculate (to 2 decimal places) the following ratios based on the above data: Is Fantastic Frames more reliant on debt financing before or after the investment? (Before/After) Based on the financial results, would Fred be happy with the investment? (Yes/No)