The following select data is shown for two backcountry lodges located in the Rocky Mountains, Alberta: Spirit Creek Lodge Inc. and Big Mountain Lodge Ltd.: Select Financial Data For the period January 1 - December 31, 2022 Interest expense Income tax expense Net income Total debt Total assets Spirit Creek Lodge Inc. S 16,200 32.000 78,000 135,000 254,000 Big Mountain Lodge Ltd. $ 58,000 125.000 782,000 1,628,500 1,987,000 Instructions In the answer space provided below, show which of the following statements are correct (by referring to respective letters). Use a few comments to support your thoughts about either correct or incorrect statements. a) The times interest earned ratios for Spirit Creek and Big Mountain are 4.8 times and 13.5 times, respectively. b) The debt to total assets ratio for Spirit Creek and Big Mountain are 53.1% and 82.0%, respectively. c) Although Big Mountain is more indebted than Spirit Creek, Big Mountain can more easily cover its interest payments than Spirit Creek. d) Both Spirit Creek's debt to total assets ratio and times interest earned ratio are better than Big Mountain's. e) Big Mountain's debt position is likely not concerning as the company has sufficient income to cover interest payments on debt. f) It would be acceptable for Spirit Creek to assume more debt considering their low debt to total assets ratio. g) Spirit Creek is in a better position in terms of solvency than Big Mountain. rinin