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Cullumber Company provides you with the following balance sheet information as of December 31, 2025. Current assets $9,600 Current liabilities $10,000 Long-term assets 22,260
Cullumber Company provides you with the following balance sheet information as of December 31, 2025. Current assets $9,600 Current liabilities $10,000 Long-term assets 22,260 Long-term liabilities 11,760 Total assets $31,860 Stockholders' equity 10,100 Total liabilities and stockholders' equity $31,860 In addition, Cullumber reported net income for 2025 of $13,440, income tax expense of $2,688, and interest expense of $1,092. Compute the debt to assets ratio and the times interest earned for Cullumber for 2025. (Round debt to assets ratio to O decimal places, e.g. 25% and times interest earned to 1 decimal place, e.g. 27.5.) Debt to assets ratio Times interest earned % times
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