The following information has been extracted from the financial statements (for the financial years of 2021 and 2020) of Paris Ltd, a well-established retail business. 2021 2020 $570,000 $700,000 Profit before Income Tax Interest Expense Tax Expense $70,000 $96,000 $140,000 $178,000 Total Assets $5,600,000 $2,100,000 Total Equity $5,200,000 $2,200,000 $1,700,000 $2,110,000 Total current liabilities Total non-current (interest bearing) Liabilities $1,390,000 $1,300,000 REQUIRED: a) Determine the 'Debt to total asset ratio' and Times interest earned ratio' of Paris Ltd for both the years and provide an assessment on the long-term financial structure of the business on the basis of those ratios. b) What limitations are there to conducting the analysis in part (a) above? (7 + 2 = 9 marks)