The financial statements of Smith Corporation follow: (Click the icon to view the assets section of the balance sheet.) (Cick the icon to view the liabilities and stockholders' equity sections of the balance sheet.) (Click the icon to view the income statement) Read the requirements. 1. Calculate the company's debt ratio at December 31, 2021. 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 docimat to fwo plac Data table Data table Liabilities and Stockholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debt Other 1. Calculate th Total current liabilitios Select the forr Long-term debt Other liabilities Total liabilies Stockholders' equity: Common stock Retained earnings Accumulated other comprehensive (loss) Total stockholders' equity Total liabilities and stockholders' equity 2 1,690 (104) (6.2) (240) 50 (54) 20,8 (3.7) fter the debt ratio as a decima 10.0% Data table Requirements Requirements 1. Calculate the company's debt ratio at December 31, 2021. 2. Calculate the company's times-interest-earned ratio for 2021. For operating income, use income from operations. 3. Is Smith's ability to pay liabilities and interest expense strong or weak? Comment on the value of each ratio calculated for questions 1 and 2