What is the trend in the EBITDA-to-total-debt-service and Funded debt-to-EBITDA ratios for the years 20Y2 and 20Y3?

The EBITDA-to-Total-debt-service improved from 3.6 to 4.2 and Funded-debt-to-EBITDA improved slightly from 1.1 to 0.8. The EBITDA-to-Total-debt-service improved from 3.8 to 4.5 and the Funded-debt-to-EBITDA decreased from 1.1 to 1.0. The EBITDA-to-Total-debt-service increased from 3.8 to 4.5 and the Funded-debt-to-EBITDA decreased from 1.8 to 1.7. The EBITDA-to-Total-debt-service weakened from 3.7 to 2.4 and the Funded-debt-to-EBITDA weakened from 1.8 to 1.7.

Pacesetters, Inc. Balance Sheets (in $000s) As At December 31: 20Y1 20Y2 2043 2014 (Projected) $ $ $ 300 720 ASSETS Current assets Cash Accounts receivable Inventory Prepaid expenses Other current assets Total current assets 369 910 1,384 120 90 2,873 198 1,129 1,640 208 1.250 151 250 1,219 1,900 163 112 3,644 200 2,621 112 3,287 Fixed assets 735 771 940 1,030 Other noncurrent assets 214 210 320 290 TOTAL ASSETS $ 3,570 $ 3.854 $ 4,547 $ 4,964 10 LIABILITIES AND EQUITY Current liabilities Short-term debt Current portionLTD Accounts payable Accrued expenses Taxes payable Other current liabilities Total current liabilities 0 $ 200 445 170 64 76 955 200 613 192 69 16 302 200 731 206 108 30 1,577 359 200 749 210 121 30 1,669 1,100 Long-term debt 1,392 1,192 992 792 Deferred taxes 54 58 60 65 Owner's equity Paid-in capital Retained earnings Total owners' equity 1,000 169 1,169 1,000 504 1,504 1,000 918 1,918 1,000 1,438 2,438 TOTAL LIABILITIES AND EQUITY $ 3,570 $ 3,854 $ 4,547 $ 4,964 Working investment $ 1,355 $ 1,489 $ 1,832 $ 2,160 Pacesetters, Inc. Income Statements (in $000s) Years Ended December 31: 20Y1 20Y2 20Y3 2014 (Projected) $ $ Sales Cost of goods sold Gross profit 7,500 5,320 2,180 9,000 6,280 2,720 $ 10,710 7,400 3,310 $ 12,900 8,920 3,980 Operating expenses Interest expense Income before taxes 1,227 143 810 1,559 126 1,035 1,916 130 1,264 2,208 142 1,630 Taxes Net income 324 486 446 589 564 700 750 880 $ $ $ $ Dividends 194 254 286 360 Retained earnings $ 292 $ $ 335 $ $ 414 $ 520 Depreciation in COGS $ 75 $ 81 $ 103 $ 105