The following financial information is excerpted from the 2020 annual report of Retail Products, Inc.

For each year compute the ratios and comment on the results.

-Times interest earned

-Debt ratio

-Debt/equity ratio

-Debt to tangible net worth ratio

YOU HAVE TO COMMENT ON RESULTS.

Balance Sheet (in thousands) 2020 2019 Current assets $ 449,195 $ 433,049 Investments 32,822 55,072 Deferred charges 4,905 12,769 Property, plant, and equipment, net 350,921 403,128 Trademarks and leaseholds 45,031 47,004 Excess of cost over fair market value of net assets acquired 272,146 276,639 Assets held for disposal 6,062 10,247 $ 1,161,082 $1,237,908 Total liabilities $ 689,535 $ 721,149 Total stockholders' equity 471,547 516,759 $ 1,161,082 $1,237,908 Income Statement Net sales $ 2,020,526 $1,841,738 Cost of goods sold (2,018,436) (1,787,126) Selling and administrative (300,000) (250,000) Interest expense (40,000) (30,000) Net income (loss) $ (337,910) $ (225,388)