Assignment 6 Spring 2014 10 points total 1 . Financial information for GigIlia Company is presented below . Calculate the following ratios for 2010 :` ( a ) Inventory turnover . [D] Accounts receivable turnover . [ ) Return on total assets ( d) Times interest earned ( E ) Total asset turnover . 2010 2017 ASSETS " Cash $ 10,000 $ 27.000 Marketable securities 25, 000 Accounts receivable 38,000 42,000 Inventory 51 ,000 52. 000 Prepaid insurance 15,000 3.000 LONG - term investments 49,000 20.000 Plant assets , NET 218.000 275,000 Total assets $415,000 $370,000 Net income after interest EXPENSE and taxes $ 52, 250 Sales ( all on credit ; 3:05,000 Cost of goods sold 123,000 Interest EXPENSE 15, 500 LILCOITIE tax EXPENSE 27.000