Kermit Plumbing Products Ltd. reported the following data in 20X0 (in billions): (Click the icon to view the financial statements.) Compute Kermit's times-interest-earned ratio and write a sentence to explain what the ratio values mean. Would you be willing to lend Kermit $1 billion? State your reason. (Enter all amounts in billions.) Determine the formula for the times-interest-earned ratio. Then, complete the formula and calculate the debt ratio. (Round your answer to one decimal place, X.X.) Net operating revenues Interest expense Times-interest-earned ratio times This means that for every dollar of interest expense, Kermit has earned $3.3 of operating income. Would you be willing to lend Kermit $1 billion? State your reason. Based on times-interest-earned ratio, the authors be willing to lend $1 billion to Kermit. In 20X0, Kermit Plumbing its existing interest expense.