The following information was available for the year ended December 31, 2019:

Earnings before interest and taxes (operating income)$90,000

Interest expense20,000

Income tax expense25,000

Net income45,000

Total assets at year-end300,000

Total liabilities at year-end160,000

Required:

1. Calculate the debt ratio at December 31, 2019.(Round your answer to 1 decimal place.)
2. Calculate the debt/equity ratio at December 31, 2019.(Round your answer to 2 decimal places.)
3. Calculate the times interest earned for the year ended December 31, 2019.(Round your answer to 2 decimal places.)