s Company and Subsidiaries Income Statement for $2021(000$ dollars$)$Sales$$Cost of Goods Sold Gross Profit$$Selling and Administrative Expenses$$Depreciation and R&D Expense $($both tax deductible$)$ EBIT or Operating Income Interest Expense$$Interest Income$$Earnings Before Taxes $($EBT$)$ Income Taxes$$Net Income $($NI$)$ Earnings per Share$$Assets: Cash$$Marketable Securities$$Accounts Receivable $($gross$)$ Less: Allowance for Bad Debts$$Accounts Receivable $($net$)$ Inventory$$Prepaid Expenses Plant and Equipment $($gross$)$Less: Accumulated Depreciation Plant and Equipment $($net$)$Land$$Long$-$Term Investments Total Assets$$Liabilities:$$Accounts Payable Notes Payable$$Accrued Expenses Bonds Payable$$Stockholders$$ Equity: Common Stock$$Retained Earnings Total Liabilities and Equity$3,2536,8212,3898,54945,95966,971$$ $94,00146,62347,37828,6855,75212,9414842713,3204,7008,6201\mathrm{.}72$Tentacle Acres Company and Subsidiaries Balance Sheet as of End of $2021(000$ dollars$)$$ $5,53495214,95621114,74510,7333,23457,34029,08028,2601,0102,50366,97$Calculate the following debt ratios for the end of $2021.$ a$.$ Debt to total assets b$.$ Times interest earned. Would a banker agree to extend a loan to Pinewood? Explain