Appleway Supply had the following balances as of December 31, 2018:

Total Current Assets........................................................................................$ 122,000
Total Long-Term Assets......................................................................................343,000
Total Current Liabilities .......................................................................................42,000
Total Long-Term Liabilities ................................................................................165,000
Total Stockholders’ Equity .................................................................................258,000
Earnings Before Interest and Taxes....................................................................42,180
Interest Expense ...................................................................................................28,500
Income Tax Expense ..............................................................................................3,800
Net Income ..............................................................................................................9,880

Requirements

1. Calculate Appleway Supply’s debt ratio as of December 31, 2018.

2. Calculate Appleway Supply’s interest coverage ratio for 2018. Round your answer to two decimal places.