Use the following information for questions 22 and 23 : Information on Sunnybrook Farm. Gross Sales (Gross Revenue): $500,000 Total Costs: $450,000 Depreciation (part of total costs) $100,000 Total interest expense (part of total costs) $50,000 Interest on term debt and capital leases (part of total interest expense): $20,000 Net Farm Income from Operations: $100,000 Value of all assets (average of beginning and ending total farm assets): $2,000,000 Total nonfarm income: $30,000 Family living expenses: $60,000 Term debt payments next year: $80,000 Note: total operating expenses exclude both depreciation and total interest expenses. 5 22. Calculate: a) Asset turnover ratio: b) total operating expenses: 23. Calculate: a) Interest expense ratio: b) Depreciation expense ratio: c) Operating expense ratio: d) Income from operations ratio