Jalbert Plumbing Products Ltd. reported the following data in 2016 (in millions): 2016 Net operating revenues................................ $ 31.8 Operating expenses.................................... 26.7 Operating income....................................... 5.1 Nonoperating items: Interest expense......................................... (0.6) Other...................................................... (0.6) Net income............................................... $ 3.9 Total assets............................................... $200.0 Total stockholders equity.............................. 74.0 Compute Jalbert s leverage ratio, debt ratio, and times-interest-earned ratio, and write a sentence to explain what those ratio values mean. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. Would you be willing to lend Jalbert $1 million? State your reason.