CS$-2$ Information provided:

The following information has been taken from the financial statements of Ivory Inc.

$\backslash$table$[[$Ivory Inc.,$],[$Current Assets, December $31,2019,$$$,185,000],[$Total Assets, January $1,2019,$$$,520,000],[$Total Assets, December $31,2019,$$$,595,000],[$Current Liabilities, December $31,2019,$$$,85,000],[$Total Liabilities, December $31,2019,$$$,195,000],[$Stockholders$\text{'}$ Equity, January $1,2019,$$$,310,000],[$Stockholders$\text{'}$ Equity, December $31,2019,$$$,450,000],[,,],[$Net Sales,$$,940,000],[$Depreciation Expense,$$,15,000],[$Interest Expense,$$,21,000],[$Income Tax Expense,$$,24,000],[$Net Income,$$,45,000]]$

$\backslash$table$[[$Ratio$,2018],[$Current Ratio,$3\mathrm{.}5],[$Times Interest Earned Ratio,$5\mathrm{.}40],[$Debt$-$to$-$Equity Ratio,$25\mathrm{.}00\%$