Company A had assets of $1.2 million, stockholders equity of $0.75 million, net income of $350,000, interest expense of $120,300, and a tax rate of 35%. Calculate the debt to assets ratio and the times interest earned ratio.

Please Help. I keep getting the wrong answer according to the answer key.

Debt to Asset Ratio:		=?
Total Liabilities/Total Assets
Times Interest Earned Ratio:		=?
Times Interest Earned = (Net Income + Interest Expense + Income Tax Expense) / (Interest Expense)
			Current Assets:	$ 1,200,000.00
Current Liabilities:	$ 750,000.00
Net Income	$ 350,000.00
Interest Expense	$ 120,300.00
Income Tax	$ 122,500.00
Tax Rate	35%

The Professors Answer key says:

Debt to asset		0.375
Liabilities	0.45
Times interest earned			5.47599
Income before tax		538461.5
Income before interest and tax				658761.5