Use the below Dowd $20$X$2$ income statement and balance sheet.

View the assets section of the balance sheet.

View the liabilities and shareholders' equity sections of the balance sheet.

View the income statement.

Read the requirements.

Requirement $1.$ Compute the company's debt ratio as of December $31,202.$

Select the labels in the formula, and then enter the amounts to calculate the debt ratio. $($Enter amounts in millions as provided in the

problem statement, X$.$X$.$ Round your answer to three decimal places.$)$

Requirement $2.$ Compute the company's times$-$interest$-$earned ratio for $20$X$2.$ For operating income, use income before both interest expense and

income taxes. You can simply add interest expense back to income before taxes. $($Enter amounts in millions as provided in the

problem statement, X$.$X$.$ Round your answer to one decimal place.$)$

$+=$ Times$-$interest$-$earned ratio

$=1$

Requirement $3.$ Is Dowd's ability to pay liabilities and interest expense strong or weak? Comment on the value of each ratio computed for

requirements $1$ and $2.$

The debt ratio is

The times$-$interest earned ratio is

Overall, the company's ability to pay its liabilities and interest expense looks