Given the following intormation, evaluate the solvency of this company: Total assets $361,000 Fotal liabilities $120,800 Net income before interest or taxes $14,600 Interest expense $8250 Industry standard debt ratio =62% industry standard times interest earned =2.8 Select one: a. The company is more highly leveraged than industy standard but is relatively better positioned to meet its debt pasments b. The compary is tess leveraged than industry standard, but is relatively better positioned to meet its debt payments c. The compary tas more assets financed by equity than industry standard, and is in a relatively worse postion to pay its bortowing cost5 d The company is more highyy leveraged than industry standard, and in a relatively worse position to pay its borrowing costs Given the following intormation, evaluate the solvency of this company: Total assets $361,000 Fotal liabilities $120,800 Net income before interest or taxes $14,600 Interest expense $8250 Industry standard debt ratio =62% industry standard times interest earned =2.8 Select one: a. The company is more highly leveraged than industy standard but is relatively better positioned to meet its debt pasments b. The compary is tess leveraged than industry standard, but is relatively better positioned to meet its debt payments c. The compary tas more assets financed by equity than industry standard, and is in a relatively worse postion to pay its bortowing cost5 d The company is more highyy leveraged than industry standard, and in a relatively worse position to pay its borrowing costs