The following information is provided for the 2 companies below: Company X and Company Y. From the ratio analysis of the 2 companies, write a comprehensive report on the use of debt by the companies (give detailed interpretations). Do not compare the companies with each other, compare a company itself with its previous year's performance & use of debt. 2018 2019 2020 0.1728 0.0783 0.1044 0.2090 0.1166 Ratio Analysis Total debt ratio Debt to equity ratio Tax to sales ratio Equity multiplier Time interest earned 0.0172 0.0849 0.0218 1.0849 0.0020 1.2090 1.1166 4.6048 9.7276 7.2433 2019 2020 2018 0.6512 0.4512 0.4371 1.2512 0.8222 Ratio Analysis Total debt ratio Debt to equity ratio Tax to sales ratio Equity multiplier Time interest earned 0.7765 0.0592 0.0544 0.0623 1.9214 1.8222 1.7765 5.7752 5.8538 4.4351 The following information is provided for the 2 companies below: Company X and Company Y. From the ratio analysis of the 2 companies, write a comprehensive report on the use of debt by the companies (give detailed interpretations). Do not compare the companies with each other, compare a company itself with its previous year's performance & use of debt. 2018 2019 2020 0.1728 0.0783 0.1044 0.2090 0.1166 Ratio Analysis Total debt ratio Debt to equity ratio Tax to sales ratio Equity multiplier Time interest earned 0.0172 0.0849 0.0218 1.0849 0.0020 1.2090 1.1166 4.6048 9.7276 7.2433 2019 2020 2018 0.6512 0.4512 0.4371 1.2512 0.8222 Ratio Analysis Total debt ratio Debt to equity ratio Tax to sales ratio Equity multiplier Time interest earned 0.7765 0.0592 0.0544 0.0623 1.9214 1.8222 1.7765 5.7752 5.8538 4.4351