View Policies Current Attempt in Progress Shown below are solvency ratios for three companies. Company #1 Company #2 Company #3 2021 2020 2021 2020 2021 2020 Debt to total assets 30.3% 42.1% 59.8% 48.2% 54.3% 33.4% Times interest earned 4.2 times 2.9 times 1.9 times 3.2 times 5.1 times 3.7 times Free cash flow (in millions) $75 $41 $65 $75 $92 $67 For each of the following questions, choose the appropriate company by referring to the ratios shown above. (a) Which company was concerned about its high debt levels and high interest expense and took steps to reduce that debt? eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer