Consider the following information: 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 $ 24,700 181,400 121,300 192,800 120,000 $ 640,200 $ 53,700 75,100 121,000 249,800 280,000 110,400 390,400 $ 640,200 $ 3,035,000 Gil's Fish and Tackle, Incorporated Income Statement 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 1,931,500 313, 700 365,100 2,610,300 424,700 18, 150 406,550 150, 424 $ 256, 126 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