(Learning Objective 3: Compute and evaluate three ratios) Ferguson Plumbing Products Ltd….

(Learning Objective 3: Compute and evaluate three ratios) Ferguson Plumbing Products Ltd. reported the following data in 2014 (in millions):

Compute Ferguson’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 Ferguson $1 million? State your reason.