Mount Sano Inc. is a retailer of snow skiing gear. During Year 2, Mount Sano expanded its retail business by adding over 42 shops. The following information is obtained from the comparative financial statements included in the company's current annual report: FOR THE FISCAL YEARS ENDED Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $27,410,000 $19,980,000 Total stockholders' equity 34,930,000 40,090,000 Line Item Description Dec. 31, Year 2 Dec. 31, Year 1 Depreciation expense $ 2,015,000 $ 5,805,000 Interest expense 3,398,000 3,404,000 Income tax expense 12,110,000 17,515,000 Net income 6,180,000 14,100,000 Net cash from operating activities 41,000,000 (362,000) Total dividends paid 2,010,000 11,585,000 Cash used to purchase plant assets 32,190,000 18,135,000 Payments on long-term debt 1,587,000 1,751,000 Required: Using the information provided above, compute the following for both years. A. Compute the debt-to-equity ratio (at each year-end) for both years. Round answers to one decimal place. Year 2 fill in the blank 1 of 4 Year 1 fill in the blank 2 of 4 B. Compute the times-interest-earned ratio for both years. Round answers to two decimal places. Year 2 fill in the blank 3 of 4 times Year 1 fill in the blank 4 of 4 times