The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at February 28 2020 2019 ASSETS Current Assets Cash $211,178 $63,700 Accounts receivable $21,600 $15,900 Merchandise Inventory $24,700 $29,100 Total Current Assets $257,478 $ 108,700 Property, plant & equipment $136,000 $195,000 Less: Accumulated depreciation $-29,800 $-22,800 TOTAL ASSETS $363,678 $280,900 LIABILITIES AND EQUITY Liabilities Property, plant & equipment $136,000 $195,000 Less: Accumulated depreciation $-29,800 $-22,800 TOTAL ASSETS $363,678 $280,900 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $31,300 $33,700 Notes Payable-Current Portion $9,900 $9,900 Total Current Liabilities $41,200 $43,600 Notes Payable-Long-Term Portion $85,000 $52,000 TOTAL LIABILITIES $126,200 $95,600 Shareholders' Equity Common shares $84,000 $50,100 Retained earnings $153,478 $135,200 TOTAL SHAREHOLDERS' EQUITY $237,478 $185,300 TOTAL LIABILITIES AND EQUITY $363,678 $280,900 Joe's Fish Hut Income Statement For the Year Ended February 28, 2020 Sales $133,000 COGS $84,700 Gross Profit $48,300 Operating Expenses Insurance Expense $870 Rent Expense $5,170 Salaries Expense $4,760 Telephone Expense $610 Interest Expense $1,770 Depreciation Expense $7,000 Total Operating Expenses $20,180 Operating Profit Before Tax $28,120 Income Tax Expense $9,842 Net Profit (Loss) $18,278 Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the debt to equity ratio for 2020.| Debt to Equity Ratio: b) Calculate the times interest earned ratio for 2020. Times Interest Earned: times c) Calculate the debt to assets ratio for 2020. Debt to Assets Ratio: %