Consider the following information: Gil's Fish and Tackle, Inc. Balance Sheet At December 31, 2016 Assets Cash Accounts Receivable (less allowance) Inventories Property. Plant and Equipment Long-term Investments $ 25,850 188,200 127,950 212,800 140,000 Total Assets $694.600 Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable $ 54,700 76,500 125.000 Total Liabilities 256,200 Stockholders' Equity Contributed Capital Retained Earnings 320,000 118.400 Total Stockholders' Equity 438.400 Total Liabilities and Stockholders' Equity S004,500 Gil's Fish and Tackle, Inc Income Statement For the year ending December 31, 2018 Sales Revenue $ 3.005.000 Operating Expenses Salanes and Wages Expense Operating and Admin Expenses Deprecaton Expense 1.040.500 Total Liabilities and Stockholders' Equity $694,600 Gil's Fish and Tackle, Inc. Income Statement For the year ending December 31, 2016 Sales Revenue $ 3,095,000 Operating Expenses Salaries and Wages Expense Operating and Admin. Expenses Depreciation Expense 1,949,500 319.700 371.700 Operating Expenses 2,840.000 Operating Income Other Expenses Interest Expense 454.100 18.750 Income Before Income Tax Expense Income Tax Expense 435.350 161,080 Net Income 274,270 Required: Calculate the debt-to-assets ratio and the times interest earned for the following company. {Round your answers to 2 decimal places.) Debt-to-assets ratio Times interest Earned