The balance sheet for Shaver Corporation reported the following:
cash, $7,000; short-term investments, $12,000; net accounts receivable, $39,000; inventories, $44,000; prepaids, $12,000; equipment, $116,000; current liabilities, $44,000; notes payable (long-term), $74,000; total stockholders’ equity, $112,000; net income, $3,720; interest expense, $5,200; income before income taxes, $6,480.
Compute Shaver’s debt-to-assets ratio and times interest earned ratio.