Consider the following information: Gil's Fish and Tackle, Inc. Balance Sheet At December 31, 2016 Assets Cash $ 22,500 Accounts Receivable (less allowance) 164,800 Inventories 96,900 Property, Plant and Equipment 132,800 Long-term Investments 60,000 Total Assets $ 477,000 Liabilities Accounts Payable $ 50,700 Current Portion of Long-Term Debt 70,900 Long-Term Notes Payable 109,000 Total Liabilities 230,600 Stockholders' Equity Contributed Capital 160,000 Retained Earnings 86,400 Total Stockholders Equity 246,400 Total Liabilities and Stockholders Equity $ 477,000 Gil's Fish and Tackle, Inc. Income Statement For the year ending December 31, 2016 Sales Revenue $ 2,855,000 Operating Expenses Salaries and Wages Expense 1,877,500 Operating and Admin. Expenses 295,700 Depreciation Expense 345,300 Operating Expenses 2,518,500 Operating Income 336,500 Other Expenses Interest Expense 16,350 Income Before Income Tax Expense 320,150 Income Tax Expense 118,456 Net Income $ 201,694 Required: Calculate the debt-to-assets ratio and the times interest earned for the following company.