The financial statements of Metro Corporation follow: (Click the icon to view the assets section of the balance sheet.) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet.) (Click the icon to view the income statement.) 1. Calculate the company's debt ratio at December 31, 2018. 2. Calculate the company's times-interest-earned ratio for 2018. For operating income, use income from operations, 3. Is Metro's ability to pay liabilities and interest expense strong or weak? Comment on the value of each ratio calculated for questions 1 and 2 1. Calculate the company's debt ratio at December 31, 2018 Select the formula and then enter the amounts to calculate the debt ratio. (Enter currency amounts in millions as given in the question. Enter the debt ratio as a decimal to two places. XXX) Debt ratio Metro Corportion Balance Sheets (Adapted) December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 (Dollar amounts in millions) Assets Current assets: Cash and cash equivalents Short-term investments Receivables, net Inventories 1,210 $ 980 $ 230 23.5 % 14 48 230 268 (34) (38) 32 (10) (70.8) (14.2) 45.7 102 292 70 302 (3.3) 1,848 1,668 180 10.8 Prepaid expenses and other assets Total current assets Property, plant, and equipment, net Intangible assets 3,660 3,386 274 8.1 848 20.3 1,020 826 172 96 730 Other assets 13.2 $ 7,354 $ 6,632 $ 722 Total assets 10.9 %