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Evensen Plumbing Products Ltd. reported the following data in 2020 (in millions): E: (Click the icon to view the financial statements.) Compute Evensen's leverage ratio, debt ratio, and times-interest-earned ratio, and write a sentence to explain what those ratio values mean. Would you be willing to lend Evensen $1 million? State your reason. ..... First, compute Evensen's leverage ratio. Determine the formula for the leverage ratio. Then, complete the formula and calculate the leverage ratio. (Enter Leverage ratio = L. Financial statements / This means that Evensen has $ of 2020 Now, determine the formula for the debt ratio. Then, complete the formula and calculate the debt ratio. (Enter all amounts in millions. Round your ansv Net operating revenues 31.4 26.7 Debt ratio / 4.7 Operating expenses Operating income Non-operating items: Interest expense This means that Evensen has $ in (1.5) (0.5) Determine the formula for the times-interest-earned ratio. Then, complete the formula and calculate the debt ratio. (Enter all amounts in millions. Round Other $ 2.7 Time-interest-earned ratio Net income 150.0 Total assets. This means that Total shareholders' equity. Would you be willing to lend Evensen $1 million? State your reason. Evensen's debt ratio is and the company its existing interest expense. be willing to lend Evensen $1 million. Print Done

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