Use the 2016 data below for Eleanor's Computers to choose the correct answer for the question. 2016 Industry Financial Ratios Inventory turnover Debt ratio Times interest earned 2014 2015 4.20X 3.90X 59.20% 61.00% 4.20X3.70X 2016 Averages 4.50X 60.00% 4.75X Income Statement for year ended 12/31/2016 Balance Sheet at 12/31/2016 Sales 1,500,000 Cash 125,000 Cost of goods sold 1,200,000 Accounts receivable 275,000 Gross profit 300,000 Inventory 325,000 Operating expenses 100,000 Current assets 725,000 Operating profit 200,000 Fixed assets (net) 420,000 Interest expense 72,000 Total Assets 1,145,000 Eamings before tax 128,000 Income tax (40%) 51,200 Accounts payable 150,000 Net Income 76,800 Notes payable 225,000 Accrued liabilities 100,000 Current liabilities 475,000 Long-term debt 400,000 Total Liabilities 875,000 Equity 270,000 Total liabilities and equity 1,145,000 Identify the correct 2016 Debt Ratio and comparative analysis. A. 34.93%, It is a bad sign that the Debt Ratio is now well below the industry average B. 76.42%, It is a good sign that the Debt Ratio is now well above the industry average C.76.42%, It is a bad sign that the Debt Ratio is now well above the industry average D. 34.93%, It is a good sign that the Debt Ratio is now well below the industry average