Country Supply had the following balances as of December 31, 2018:

Total Current Assets........................................................................................$ 181,000
Total Long-Term Assets......................................................................................387,000
Total Current Liabilities .....................................................................................128,000
Total Long-Term Liabilities ................................................................................180,000
Total Stockholders’ Equity .................................................................................260,000
Earnings Before Interest and Taxes ...................................................................94,600
Interest Expense ..................................................................................................24,700
Income Tax Expense ............................................................................................11,300
Net Income ............................................................................................................58,600

Requirements

1. Calculate Country Supply’s debt ratio as of December 31, 2018.

2. Calculate Country Supply’s interest coverage ratio for 2018. Round your answer to two decimal places.