Jalbert Plumbing Products Ltd. reported the following data in 2018 (in millions) Click the icon to view the financial statements) 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 the ratios. Would you be willing to lend Jalbert $1 million? Why or why not? (Enter all amounts in millions) First, compute Jalbert's leverage ratio. Determine the formula for the leverage ratio Then enter the amounts to calculate the leverage ratio (Round your answer to two decimal places, X.XX) Average total assets Average common stockholders equity Leverage ratio 250,000,000 90,000,000 2.780,000 (Enter dollar amount to the nearest cent) This means that Jalbert has 5 of Now determine the formula for the debt ratio. Then enter the amounts to calculate the debt ratio. (Round your answer to two decimal places XXX) Total liabilities 1 Total assets Debt ratio N 1 250,000,000 (Enter dollar amount to the nearest cont) This means that albert has 5 ol Total liabilities Total assets Debt ratio 1 250,000,000 (Enter dollar amount to the nearest cent.) This means that Jalbert has $ of Determine the formula for the times-interest-earned ratio. Then enter the amounts to calculate the debt ratio. (Round your answer to two decimal places, XXX) Operating income Interest expense Time-interest-earned ratio 5,300,000 0.6 838.000.000 (Enter dollar amount to the nearest cent) This means that for every dollar of Jalbert has eamed 5 of Would you be willing to lend Jalbert $1 million? State your reason Jalbert's debt ratio is be willing to lend Jalbert $1 million and the company its existing interest expense 2018 6A 34.2 28.9 Net operating revenues Operating expenses Operating income Nonoperating items: 5.3 Interest expense (0.6) (0.3) Other $ 4.4 Net income. $ 250.0 Total assets 90 0 Total stockholders' equity