Jurce Company provided the following income statement for last year: Sales $12,100,000 Cost of goods sold 7,600,000 Gross margin $4,500,000 Operating expenses 2,600,000 Operating income $1,900,000 Interest expense 600,000 Income before taxes $1,300.000 Income taxes 540,000 Net income 5660,000 Jurge's balance sheet as of December 31 last year showed total liabilities of $2,440,000, total equity of 59,620,000, and total assets of $12,060,000 Required: Round answers to two decimal places 1. Calculate the bimes-interest-earned ratio times 2. Calculate the debt ratio. 3.Caculate the debt-to-equity ratio