The Balance Sheet Taken from the Company's Year 3 Is

The balance sheet taken from the company's Year 3 is provided below:
$\begin{array}{lrrr}&&\text { December } 31\\\text { Assets: }&\text { Year } 3&\text { Year } 2\\\text { Current assets: }\\\text {Cash }&\$ 61,100 & \$ 54,000 \\\text {Accounts receivable }&22,500 & 17,500 \\\text { Inventory}&8,500 & 7,000 \\\text {Other current assets }&6,500& 5,500\\\text { Total current assets }&98,600&84,000\\\text { Long-term assets: }\\\text { Property, plant \& equipment, net }&744,900&25,000\\\text { Intangible assets }&211,250&225,000\\\text { Total assets }&\$1,054,750&\$334,000\end{array}$

-Refer to Rhodes Bakery.Calculate the following debt management ratios for Year 3 and Year 2: times interest earned ratio,long-term debt-to-equity ratio,debt-to-equity ratio,long-term debt-to-assets ratio,and debt-to-assets ratio.Income from operations was $65,000 and $49,000 and interest expense was $26,000 and $1,750 for 2015 and 2014,respectively.Round your answers to two decimal places.Comment on the company's debt management.