The following information was available for the year ended December 31, 2019, Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $ 78,000 16,000 21,000 41,000 260,000 144,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019 (Round your answer to 2 decimal places.) c Calculate the times interest earned for the year ended December 31, 2019. (Round your answer to 2 decimal places.) 96 a Debt ratio b. Debt Equity ratio c Times interest eamed umes tines