22 01:56.25 Consider the following information: Assets Cash Gil's Fish and Tackle, Inc. Balance Sheet At December 31, 2018 Accounts Receivable (less allowance) Inventories Property, Plant and Equipment Long-term Investments Total Assets Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable Total Liabilities Stockholders' Equity Contributed Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 28,500 208,800 154,900 282,800 210,000 $885,000 $ 58,200 81,400 139,000 278,600 460,000 146,400 606,400 $885,000 Mc Graw Gil's Fish and Tackle, Inc. Income Statement $3,305,000 22 01:56:14 Gil's Fish and Tackle, Inc. Income Statement For the year ending December 31, 2018 Sales Revenue Operating Expenses Salaries and Wages Expense Operating and Admin. Expenses Depreciation Expense Operating Expenses Operating Income Other Expenses Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income 2,012,500 340,700 394,800 2,748,000 557,000 20,850 536,150 198,376 $ 337,774 Required: Calculate the debt-to-assets ratio and the times interest earned. (Round your answers to 2 decimal places.) Debt-to-Assets Ratio Times Interest Earned