3.34 points $ 22,270 199,850 148,480 252,800 180,000 $803,400 Balance Sheet At December 31, 2018 Assets Cash 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 eBook $ 56,700 79,300 133,000 269,000 Print 400,000 134,400 534,400 $803,400 References Gil's Fish and Tackle, Inc. Income Statement For the year ending December 31, 2018 Sales Revenue $3,215,000 Operating Expenses Salaries and Wages Expense 1,985,500 Operating and Admin. Expenses 331,700 Depreciation Expense 384,900 Operating Expenses 2,702,100 Operating Income 512,900 Other Expenses Interest Expense 19,950 492,950 Income Before Income Tax Expense 182,392 Income Tax Expense $ 310,558 Net Income 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