Please answer all, thank you! Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $4,000,000 loan, to assess the firm's financial leverage and financial risk. On the...

Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $4,000,000 loan, to assess the firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages and Creek's recent financial statements, evaluate and recommend appropriate action on the loan request. Industry averages Creek Enterprises Income Statement. Debt ratio 0.51 Creek Enterprises Balance Sheet Ba Times interest earned ratio 7.30 1.85 Fixed-payment coverage ratio Creek Enterprises's debt ratio is Round to two decimal places.) Creek Enterprises's times interest earned ratio is Round to two decimal places Creek Enterprises's fixed-payment coverage ratio is (Round to two decimal places.) Complete the following summary of ratios and compare Creek Enterprises's ratios vs. the industry average: (Round to two decimal places.) Creek Industry Debt ratio 0.51 Times interest earned ratio 7.30 Fixed-payment coverage ratio 1.85 Do you agree or disagree with the decision below? Because Creek Enterprises has a much higher degree of indebtedness and much lower ability to service debt than the average firm in the industry, the loan should be rejected Y. (Select from the drop-down menu.) Agree Enter your f the answer boxes. Disagree