The following information was available for the year ended December 31, 2016 Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $120,000 30,000 35,000 55,000 400,000 200,000 Required a. Calculate the debt ratio at December 31, 2016. (Round your answer to 1 decimal place.) Debt ratio b. Calculate the debt/equity ratio at December 31, 2016. (Round your answer to 2 decimal places.) Debt/Equity ratio times c. Calculate the times interest earned for the year ended December 31, 2016. (Round your answer to 2 decimal places.) Times interest earned times