Given the table of DELL's Debt-to-equity ratios = Total debt/total shareholders equity

Years	Total debt	Total equity	Debt-to-equity ratios
2019	52,056	3155	16.4995
2020	47,984	7,553	6.3530
2021	26,954	-1580	-17.0595
2022	29588	-3025	-9.7812
2023	25,994	-2,309	-11.2577

Given Dell's Table of Times Interest earned

Times interest earned= (Net Income + Interest expense + Income tax expense)/ interest expense

Years	Net income	Interest expense	Income tax expense	Times interest earned
2019	4,616	2675	-5533	(0.32)
2020	3,250	2389	165	35.18
2021	5,563	1542	981	8.24
2022	2,442	1222	803	5.56
2023	3,211	1501	692	7.81

1. Related to debt-to-equity ratios. How has the proportion of debt financing and equity financing changed over the years? (Compared to the average in the market). Is the corporation experiencing favorable or unfavorable financial leverage?
2. This is related to the times interest earned ratio question. (Compared to the market average) What does your calculation indicate about the corporation's risk?
3. Based on the above analysis, how would you conclude the corporation's default risk and profitability, and how would you recommend to the corporation's CEO?