Use the following financial information for questions 2-4 below: From the income statement: Depreciation expense Interest expense Income tax Net income $112,000 25,000 45,000 53,000 From the balance sheet: Current liabilities Long-term debt Deferred income taxes Total Liabilities Preferred stock Common stock Premium on common stock Retained earnings Total Stockholders' Equity Total Liabilities &Stockholders' Equity $80,000 400,000 15,000 495,000 75,000 157,000 185,000 245,000 2. What is the Times Interest Earned ratio? 3. What is the Debt/Assets (Debt) ratio? 4. What is the Debt/Equity ratio