Kahluha Manufacturers Inc. reported the following information in its financial statements (10marks) KAHLUHA MANFACTURERS INC. Statement of Financial Position tot June 30 estion Assets Cash 2023 2022 $32,000 $29,000 7,500 5,500 ................ 1,100 1.450 220,000 175,000 145,000 155,000 36,000 40,000 $441,600 $405.950 Accounts receivable Prepaid Insurance Inventory Building Equipment Total Assets Liabilities and shareholders' equity Accounts Payable Notes Payable Bonds Payable Long-Term Debt Common shares Retained earnings $14,500 0 $ 12,500 10,000 145,000 116,000 25,000 95,000 175,000 25,000 133,100 96,450 o Tvne here to search Accounts Payable $ 12,500 $14,500 Notes Payable 10,000 0 Bonds Payable 145,000 95.000 Long-Term Debt 116,000 175,000 Common shares 25,000 25,000 Retained earnings 133,100 96,450 Total liabilities and shareholders' equity S441.600 5405950 Revenue $450,000 $300,000 Operating expenses .300.000 210000 Income from operations 150,000 90,000 Interest expense 6,000 9,000 Income tax expense 36.000 20.250 Net income 5108.000 560.750 Instructions ta) Calculate the company's debt to total assets and times interesteamed ratios for each year (8 marks) (b) Determine if the change from 2022 2023 is an improvement or deterioration 2 marks) NOTEYou are to complete the questions above on appropriate separate document(s). Acceptable formats include: word document, excel documents, documents written by hand (scanned and uploaded e bere to search & $ 3 % 5 6 00 9 0 E E R . 1 Y D G . J K