Riyers Inc. has the following selected information for its years ended June 30:

	20X3			20X2			20X1
Gross sales	$	575,500		$	667,000		$	593,900
Gross profit	$	361,000		$	424,550		$	392,600
Interest expense	$	74,200		$	90,900		$	82,400
Income taxes (at 28%)	$	63,000		$	52,000		$	43,000
Net earnings	$	218,600		$	162,000		$	133,500

	20X3			20X2			20X1
Total assets	$	1,786,300		$	1,607,000		$	1,505,700
Long-term debt	$	869,800		$	905,700		$	1,101,700
Shareholders equity	$	684,300		$	361,800		$	209,700

Required: a. Calculate the times-interest-earned and the long-term debt-to-total capitalization ratios for 20X1, 20X2, and 20X3. (Use 365 days in a year. Do not round your intermediate calculations and round your final answers for the "Times interest earned" to 1 decimal place and "Long-term debt to total capitalization" 2 decimal places.)

Riyers Inc. has the following selected information for its years ended June 30:

	20X3			20X2			20X1
Gross sales	$	575,500		$	667,000		$	593,900
Gross profit	$	361,000		$	424,550		$	392,600
Interest expense	$	74,200		$	90,900		$	82,400
Income taxes (at 28%)	$	63,000		$	52,000		$	43,000
Net earnings	$	218,600		$	162,000		$	133,500

	20X3			20X2			20X1
Total assets	$	1,786,300		$	1,607,000		$	1,505,700
Long-term debt	$	869,800		$	905,700		$	1,101,700
Shareholders equity	$	684,300		$	361,800		$	209,700

Required: a. Calculate the times-interest-earned and the long-term debt-to-total capitalization ratios for 20X1, 20X2, and 20X3. (Use 365 days in a year. Do not round your intermediate calculations and round your final answers for the "Times interest earned" to 1 decimal place and "Long-term debt to total capitalization" 2 decimal places.)