The following information was available for the year ended December 31, 2016:

Earnings before interest and taxes (operating income) $ 117,000

Interest expense 29,000

Income tax expense 34,000

Net income 54,000

Total assets at year-end 390,000

Total liabilities at year-end 196,000

Required:

a. Calculate the debt ratio at December 31, 2016. (Round your answer to 1 decimal place.)

b. Calculate the debt/equity ratio at December 31, 2016. (Round your answer to 2 decimal places.)

c. Calculate the times interest earned for the year ended December 31, 2016. (Round your answer to 2 decimal places.)