dont give answer in image format 10. Debt RatioDave's Guitar Shop is thinking about adding an addition onto their building for more storage. Daveconsults with a banker about applying for a loan. The loan officer asks for Dave's balance sheet toexamine his overall debt levels. The financial statements show total assets of $100,000 and totalliabilities of $25,000. Calculate the debt ratio:11. Debt to Equity RatioA company has $100,000 on a line of credit and a $500,000 mortgage on it's real estate. Shareholdershave invested $1,200,000 into the company for stock. Calculate the debt to equity ratio.12. Times-Interest Earned RatioTim's Tile Service is a construction company that is currently applying for a new loan to buy newequipment. The bank asks Tim for his financial statements as they consider lending to him. The incomestatement shows that he made $500,000 of income before interest expense. Tim's overall interestexpense was $50,000. Calculate Tim's times-interest earned ratio:

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10. Debt Ratio Dave's Guitar Shop is thinking about adding an addition onto their building for more storage. Dave consults with a banker about applying for a loan. The loan officer asks for Dave's balance sheet to examine his overall debt levels. The financial statements show total assets of $100,000 and total liabilities of $25,000. Calculate the debt ratio: