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The following selected ratios are available for Rainbow Corporation for the three most recent years: Debt to total assets Interest coverage Free cash flow Instructions

The following selected ratios are available for Rainbow Corporation for the three most recent years: Debt to total assets Interest coverage Free cash flow Instructions 2022 48% 2.5 times $600,000 2021 52% 2020 60% 2.6 times $590,000 2.0 times $ 200,000 Using each of the three ratios above to support your answer, explain whether or not Rainbow's solvency has improved over the last three years

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