Larkspur Gas Inc., an oil and gas company had the following information on its financial statements for the fiscal years ended December 31. All figures are in millions of dollars.

		2021		2020		2019			2018
Total assets		$ 9,546		$ 5,613		$ 3,065			$ 2,811
Total liabilities		5,696		2,979		1,970			1,708
Profit		1,454		479		30			266
Interest expense		105		76		69			45
Income tax expense (recovery)		566		192		( 26)			153

Calculate Larkspurs (Round answers to 1 decimal place, e.g. 52.7 or 52.7%.)

(1)		Debt to total assets ratio for 2018 through 2021
(2)		Interest coverage ratio for 2018 through 2021

				2021				2020				2019				2018
(1)		Debt to total assets ratio				%				%				%				%
(2)		Interest coverage ratio				times				times				times				times

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Question Part Score

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Determine from the results obtained in part (a) if Larkspurs

(1)		Debt to total assets improved or deteriorated from 2020 to 2021		ImprovedDeteriorated
(2)		Debt to total assets improved or deteriorated from 2018 to 2019		DeterioratedImproved
(3)		Interest coverage ratio improved or deteriorated from 2020 to 2021		ImprovedDeteriorated
(4)		Interest coverage ratio improved or deteriorated from 2019 to 2020		ImprovedDeteriorated
(5)		Interest coverage ratio improved or deteriorated from 2018 to 2019		ImprovedDeteriorated

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