Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company:

Annual Data	2019	2018
Interest expense	$85,000	$82,000
Income tax expense	203,500	185,000
Net income	496,500	425,000
Capital expenditures	320,000	380,000
Cash provided by operating activities	450,000	390,000

Year-End Data	Dec. 31, 2019	Dec. 31, 2018
Total liabilities	$2,400,000	$1,900,000
Total stockholders equity	4,200,000	3,800,000

Calculate the following:

Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. c. 2019 operating-cash-flow-to-capital-expenditures ratio.