11. 10,.00 points value: You did not receive full credit for this question i M10-13 Computing the Debt-to-Assets Ratio and the Times Interest Earned Ratio [LO 10-5] The balance sheet for Shaver Corporation reported the following: cash, $12,000; short-term investments, $17,000; net accounts receivable, $49,000; inventory, $54,000; prepaids, $17,000; equipment, $106,000; current liabilities, $54,000; notes payable (long-term), $84,000; total stockholders' equity, $230,000; net income, $4,720; interest expense, $7,200; income before income taxes, $9,480. 1. Compute Shaver's debt-to-assets ratio and times interest earned ratio. (Round your answers to 2 decimal places.) Ratio Debt-to-Assets Times Interest Earned 2-a. Based on these ratios, does it appear Shaver relies mainly on debt or equity to finance its assets? Debt O Equity Is it probable that Shaver will be able to meet its future interest obligations? 2-b. Yes No