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Shown below is condensed financial information for Foress Industries. Total assets Total liabilities Interest expense Income tax expense December 31, 2018 $412,000 242,000 28,000 100,000

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Shown below is condensed financial information for Foress Industries. Total assets Total liabilities Interest expense Income tax expense December 31, 2018 $412,000 242,000 28,000 100,000 306,000 December 31, 2017 $392,000 217,000 18,000 95,000 300,000 Net income Calculate the debt to total assets ratio for 2017 and 2018. (Round answers to 1 decimal pla 2017 2018 Debt to total assets % % LINK TO TEXT Calculate the times interest earned ratio for 2017 and 2018. (Round answers to 1 decimal 2018 2017 times TULAI TODITIES ZTZ, VOU 217,0 Interest expense Income tax expense Net income 28,000 100,000 306,000 18,000 95,000 300,000 Calculate the debt to total assets ratio for 2017 and 2018. (Round answers to 1 decimal place, 2017 2018 Debt to total assets % % LINK TO TEXT Calculate the times interest earned ratio for 2017 and 2018. (Round answers to 1 decimal plac 2017 2018 Times interest earned times times

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