The following selected information (in thousands) is available for Carla Vista Inc.: 2021 2020 Total assets $3,881 $3,721 Total liabilities 2,193 1,973 Interest expense 29 21 Income tax expense 177 141 Profit 416 385 Cash provided by operating activities 914 584 Cash used by investing activities 471 315 Calculate the following solvency ratios of Carla Vista Inc. for 2021 and 2020. (Round debt to total assets and interest coverage answers to 1 decimal place, eg. 52.7 or 52.7%.)

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.