Smith Inc. is a retailer of snow skiing gear. During Year 2, Smith expanded its retail business by adding over 50 shops. The following information is obtained from the comparative financial statements induded in the company's current annual report: Total liabilities Total stockholders' equity Dec. 31. Year 2 $26,000,000 34,000,000 Dec. 31. Year $18,000,000 38,000,000 FOR THE FISCAL YEARS ENDED Dec Year 2 Dec. 31. Year Depreciation expense Interest expense $ 2,000,000 $6,000,000 3,200.000 Income tax expense 3,400,000 12,600,000 Net income Net cash provided by operations Total dividends paid 6,000,000 41,000,000 2,000,000 32,000,000 18,100,000 15.000.000 (400,000) 12,000,000 Cash used to purchase plant assets Payments on long-term debt Required: 18,000,000 1,800,000 1,600,000 Using the information provided above compute the following for both Years Round your answers to two decimal places. A. Debt-to-equity ratio (at each year-endy Year 2 Year Required: Using the information provided above, compute the following for both years. Round your answers to two decimal places. A. Debt-to-equity ratio (at each year-end) Year 2 Year 1 B. Times-interest-earned ratio Year 2 times Year 1 times