QUESTION 3: (20 MINUTES, 10 MARKS) The following is selected financial information from Interplay Companies Limited (Company): 2018 2019 2020 Income before depreciation, amortization, interest & taxes $1,650 $2,625 $3,300 Interest expense 150 340 435 Cash 50 115 225 Current liabilities 600 800 1,200 Bank loan payable (all long-te 2,000 4,000 4,500 Shareholders' equity 4,250 5,500 7,250 The Company's Management Discussion and Analysis reports the following solvency information Debt to equity ratio Net debt as a percentage of total Interest coverage capitalization 2018 2019 45.90% 70.60% 31.50% 11 times 41.40% 7.7 times 2020 59% 37.10% 7.6 times Required: Assume the role of a financial analyst and comment the Company's solvency. Outline your observations and concerns. Be specific. Quantify where possible.