Sandhill Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for 2015 and 2016 follow.

Sandhill Medical Comparative Balance Sheet As of December 31
		2016		2015
Assets
Current assets
Cash		$442,000		$417,400
Accounts receivable, net		1,029,000		776,450
Inventory		704,000		681,050
Other current assets		323,000		247,050
Total current assets		2,498,000		2,121,950
Property, plant, & equipment, net		8,873,850		8,439,965
Total assets		$11,371,850		$10,561,915
Liabilities and Stockholders Equity
Current liabilities		$3,163,000		$2,846,000
Long-term debt		3,768,000		3,892,650
Total liabilities		6,931,000		6,738,650
Preferred stock, $5 par value		52,000		59,000
Common stock, $0.25 par value		196,000		103,850
Retained earnings		4,192,850		3,660,415
Total stockholders equity		4,440,850		3,823,265
Total liabilities and stockholders equity		$11,371,850		$10,561,915

Sandhill Medical Comparative Income Statement and Statement of Retained Earnings For the Year
		2016		2015
Sales revenue (all on account)		$10,177,300		$9,613,950
Cost of goods sold		5,612,700		5,298,700
Gross profit		4,564,600		4,315,250
Operating expenses		2,840,250		2,634,150
Net operating income		1,724,350		1,681,100
Interest expense		302,300		308,650
Net income before taxes		1,422,050		1,372,450
Income taxes (30%)		426,615		411,735
Net income		$995,435		$960,715
Dividends paid
Preferred dividends		29,550		29,500
Common dividends		433,450		413,100
Total dividends paid		463,000		442,600
Net income retained		532,435		518,115
Retained earnings, beginning of year		3,660,415		3,142,300
Retained earnings, end of year		$4,192,850		$3,660,415

Calculate the following leverage ratios for 2016. (Round all answers to 2 decimal places, e.g. 2.55% or 2.55.)

a.	Debt ratio	%
b.	Debt-to-equity ratio
c.	Times interest earned ratio	times