Consider the following information: $ 22,270 199,850 148,480 252,800 180,000 $ 803,400 Gil's Fish and Tackle, Incorporated Balance Sheet At December 31, 2021 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 $ 56,700 79,300 133,000 269,000 400,000 134,400 534,400 $ 803,400 $ 3, 215,000 Gil's Fish and Tackle, Incorporated Income Stateme For the year ending December 31, 2021 Sales Revenue Operating Expenses Salaries and Wages Expense Operating and Administration Expenses Depreciation Expense Operating Expenses Operating Income Other Expenses Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income 1,985,500 331,700 384,900 2,702,100 512,900 19,950 492,950 182,392 $ 310,558 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