Penny Corp.'s sales last year were $7,036, its net fixed assets were $837, its inventory were $1,716, and its total assets were $3,751. What was its total assets turnover ratio (TATO)?

		2.00
		1.88
		8.41
		4.10
		4.48

Rocco Oil and Gas Inc was formed right after the 2012 presidential elections. The company did not fare well for the five years, but finally turned around in the sixth year of operations. Roccos operating income (EBIT) for its first six years of operations is reported below.

Year	EBIT
2013	-$300,000
2014	-$250,000
2015	-$200,000
2016	-$150,000
2017	-$100,000
2018	$1,500,000

The company follows a very conservative approach and hence does not carry any debt in its book, hence its operating income equals earnings before taxes. The corporate tax rate has remained constant at 30%. Assume that the company took full advantage of the carry-back, and carry-forward provisions in the Tax Code, and assume that the current provisions were applicable in 2013 through 2018. How much tax did the company pay in 2018?

		$200,000
		$175,000
		$375,000
		$150,000
		$450,000