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7. Please calculate the times interest earned and total asset turnover (TATO) ratios, based on the following facts: Net Income $510,000; Interest Expense $75,000; and

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7. Please calculate the "times interest earned" and "total asset turnover (TATO) ratios, based on the following facts: Net Income $510,000; Interest Expense $75,000; and Tax Expense $133.000; Gross Sales $900,000: Ending Total Assets $350,000; Sales Returns Allowances/Sales Discounts $50,000; and Beginning Total Assets $610,000

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