Appleway Supply had the following balances as of December 31, 2016:

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

Requirement

1. Calculate Appleway Supply’s debt ratio as of December 31, 2016.
2. Calculate Appleway Supply’s interest coverage ratio for 2016. Round your answer to two decimal places.