Consider the following information:

Gil's Fish and Tackle, Incorporated Balance Sheet At December 31, 2021
Assets
Cash	$ 21,750
Accounts Receivable (less allowance)	159,450
Inventories	88,600
Property, Plant and Equipment	112,800
Long-term Investments	40,000
Total Assets	$ 422,600
Liabilities
Accounts Payable	$ 49,700
Current Portion of Long-Term Debt	69,500
Long-Term Notes Payable	105,000
Total Liabilities	224,200
Stockholders' Equity
Contributed Capital	120,000
Retained Earnings	78,400
Total Stockholders Equity	198,400
Total Liabilities and Stockholders Equity	$ 422,600

Gil's Fish and Tackle, Incorporated Income Statement For the year ending December 31, 2021
Sales Revenue	$ 2,795,000
Operating Expenses
Salaries and Wages Expense	1,859,500
Operating and Administration Expenses	289,700
Depreciation Expense	338,700
Operating Expenses	2,487,900
Operating Income	307,100
Other Expenses
Interest Expense	15,750
Income Before Income Tax Expense	291,350
Income Tax Expense	107,800
Net Income	$ 183,550

Required:

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

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