The financial statements of Jet Boat Ltd. is given below.

JET BOAT LTD. Balance Sheet December 31, 20XX
Assets
Current assets:
Cash	$	40,000
Marketable securities		85,000
Accounts receivable (net)		100,000
Inventory		375,000
Total current assets		600,000
Net plant and equipment		600,000
Total assets	$	1,200,000
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	100,000
Bank loans		125,000
Accrued expenses		25,000
Total current liabilities		250,000
Longterm liabilities:
Bonds payable*		500,000
Total liabilities		750,000
Shareholders' equity
Common stock		350,000
Retained earnings		100,000
Total shareholders' equity		450,000
Total liabilities and shareholders' equity	$	1,200,000

*Sinking fund provision of $50,000 a year.

JET BOAT LTD. Income Statement Year Ending December 31, 20XX
Sales (on credit)	$	2,900,000
Less: Cost of goods sold		2,465,000
Gross profit		435,000
Selling and administrative expenses		250,000
Operating profit (EBIT)		185,000
Interest expense		94,000
Earnings before taxes (EBT)		91,000
Taxes (20%)		18,200
Earnings after taxes (EAT)	$	72,800

Calculate the following Fixed charge coverage basic ratios. Note: Use sales for Inventory turnover. (Use 365 days in a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.)