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Purple Panda Products Inc. has a total asset turnover ratio of 6 . 0 0 x , net annual sales of $ 2 5 million,

Purple Panda Products Inc. has a total asset turnover ratio of 6.00x, net annual sales of $25 million, and operating expenses of $11.25 million (including depreciation and amortization). On its current balance sheet and income statement, respectively, it reported total debt of $2.5 million, on which it pays 7% interest on its outstanding debt.
To analyze a company's financial leverage situation, you need to measure the firm's debt management ratios. Based on the preceding information, what are the values for Purple Panda's debt management ratios? (Note: Do not round intermediate calculations.)
Ratio
Value
Debt ratio
Times-interest-earned ratio
Purple Panda Products Inc. raises around from creditors for each dollar of equity.
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