Irksome Industries' books revealed the following data for 2020: Total assets $575,000 Shareholders' equity Current liabilities 52,100 Long-term liabilities Operating Cash flow 125,500 $222,900 300,000 8. The debt/equity ratio for 2020 is a) 1.25. b) 1.34. c) 1.58. d) 2.33 e)None of the above Answer: $41,000 27,400 9. Lonesome Inc. had the following activity during 2020: Sales $1,250,000 Interest expense Cost of sales 787,500 Income tax expense Selling & Admin. expenses 252,300 The interest coverage ratio during 2020 is a) 5.13 b) 5.80 c) 7.69. d) 11.28. e)None of the above