Income Statement 2016 2017 2016 2017 18,000 17,972 504 483 Net sales Cost of good sold Depreciation 15,300 13,749 Balance Sheet Assets Cash and securities Accounts receivable Inventories Total current assets Net fixed assets 288 276 1,620 1,618 360 394 EBIT 1,080 2,605 1,152 1,153 76 78 6,048 6,335 Interest expense Tax (30%) Net Income 302 759 7,488 702 1,768 704 207 Total assets 7,200 Liabilities and Owners' Equity Accounts payable 720 Short-term notes 216 Total current 936 liabilities Long-term debt 628 Common stock 1,352 Retained earnings 4,284 Total liabilities and 7,200 owners' equity 911 647 1,738 4,192 7,488 Financial statements for SW Inc. are presented above. Calculate the most recent debt and cash coverage ratios and, if the industry debt ratio is 0.23 and cash-coverage ratio is 41.6, how does it compare with their overall competition? SW inc has relatively more debt and a greater ability to cover its interest obligations SW Inc has the same level of debt and a lower ability to cover its interest obligations. SW inc has relatively more debt and a lower ability to cover its interest obligations SW inc has relatively less debt and a greater ability to cover its interest obligations SW Inc has the same level of debt and a greater ability to cover its interest obligations