The balance sheet for Shaver Corporation reported the following: cash, $11,000; short-term investments, $16,000; net accounts receivable, $47,000; inventories, $52,000; prepaids, $16,000; equipment, $121,000; current liabilities, $52,000; notes payable (long-term), $82,000; total stockholders equity, $129,000; net income, $4,520; interest expense, $6,800; income before income taxes, $8,880.

1. Compute Shavers debt-to-assets ratio and times interest earned ratio.

Debt to assets =

Times interest earned =