This Question: 5 pts 13 of 21 (0 complete) Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $3,890,0 n to ascess the firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creeks recent financial state Data Table ate and recommend appropriate action on the loan request. Creek Enterprises Income Statement Creek Enterprises Balance Sheet B Industry averages Debt ratio Times interest earned ratio Fxed-payment coverage ratio1.97 0.49 7.13 Creek Enterprises's debt ratio is (Round to two decimal places.) Creek Enterprises s times interest earned ratio is Round to two decimal places. Creek Enterprises's fixed-payment coverage ratio is Round to two decimal places.) Complete the following summary of ratios and compare Creek Enterprises's ratios vs the industry average. (Round to two decimal places.) Industry 0.49 7.13 1.97 Creek Debt ratio Times interest earned ratio Fixed-payment coverage ratio Do you agree or disagree with the decision below? Because Creek Enterprises has a much higher degree of indebtedness and much lower ability to service debt than the average firm in the industry, the loan should be rejected (Select from the drop-down menu ) This Question: 5 pts 13 of 21 (0 complete) Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $3,890,0 n to ascess the firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creeks recent financial state Data Table ate and recommend appropriate action on the loan request. Creek Enterprises Income Statement Creek Enterprises Balance Sheet B Industry averages Debt ratio Times interest earned ratio Fxed-payment coverage ratio1.97 0.49 7.13 Creek Enterprises's debt ratio is (Round to two decimal places.) Creek Enterprises s times interest earned ratio is Round to two decimal places. Creek Enterprises's fixed-payment coverage ratio is Round to two decimal places.) Complete the following summary of ratios and compare Creek Enterprises's ratios vs the industry average. (Round to two decimal places.) Industry 0.49 7.13 1.97 Creek Debt ratio Times interest earned ratio Fixed-payment coverage ratio Do you agree or disagree with the decision below? Because Creek Enterprises has a much higher degree of indebtedness and much lower ability to service debt than the average firm in the industry, the loan should be rejected (Select from the drop-down menu )