Consider the following information: Gil's Fish and Tackle, Inc.

Balance Sheet At December 31, 2016

Assets

Cash $ 24,700

Accounts Receivable (less allowance) 181,400

Inventories 121,300

Property, Plant and Equipment 192,800

Long-term Investments 120,000

Total Assets $ 640,200

Liabilities

Accounts Payable

$ 53,700

Current Portion of Long-Term Debt 75,100

Long-Term Notes Payable 121,000

Total Liabilities 249,800

Stockholders' Equity Contributed Capital 280,000

Retained Earnings 110,400

Total Stockholders Equity 390,400

Total Liabilities and Stockholders Equity $ 640,200

Gil's Fish and Tackle, Inc.

Income Statement For the year ending December 31, 2016

Sales Revenue $ 3,035,000

Operating Expenses

Salaries and Wages Expense 1,931,500

Operating and Admin. Expenses 313,700

Depreciation Expense 365,100

Operating Expenses 2,610,300

Operating Income 424,700

Other Expenses Interest Expense 18,150

Income Before Income Tax Expense 406,550

Income Tax Expense 150,424

Net Income $ 256,126

Required: Calculate the debt-to-assets ratio and the times interest earned for the following company. (Round your answers to 2 decimal places.)