Please clearly explain all steps and show all calculations. Thank you.

Mixon Company's year-end balance sheets show the following: Refer to the information in Exercise 1-3 about Mixon Company. The company's income state nents for the years ended December 31, 2006 and 2005 show the following: Refer to the information in Exercises 1-3 and 1-5 about Mixon Company. Compare the long-term risk and capital structure positions of the company at the end of 2006 and 2005 by computing the following ratios: (a) total debt ratio and (b) times interest earned. Comment on these ratio results