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.) = Times-interest-earned ratio = times This means that 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. Data table Net operating revenues. Operating expenses Operating income Non-operating items: Interest expense Other Net income.. Print 20X0 $ 29.8 24.6 5.2 (1.6) (0.2) 3.4 $ Done GA - X