Income Statement 2016 2017 2017 26,320 29,563 400 Net sales Cost of good sold Depreciation 20,793 24,289 279 712 2,369 3,158 2,661 2,613 EBIT 1,391 4,657 80 86 Interest expense Tax (20%) Net Income 616 506 6,048 Balance Sheet Assets 2016 Cash and 336 securities Accounts 280 receivable Inventories 616 Total current 1,232 assets Net fixed assets 4,368 Total assets 5,600 Liabilities and Owners' Equity Accounts payable 392 Short-term notes 616 Total current liabilities 1,008 Long-term debt 666 Common stock 1,217 Retained earnings 2,709 Total liabilities and owners' equity 5,600 2,462 2,021 411 613 1,024 710 1,069 3,245 6,048 Financial statements for sw Inc. are presented above. Calculate the most recent debt and cash- coverage ratios and, if the industry debt ratio is 0.18 and cash-coverage ratio is 59.89, 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 less debt and a greater ability to cover its interest obligations. SW inc has relatively less debt and a lower ability to cover its interest obligations. SW Inc has the same level of debt and a greater ability to cover its interest obligations