Inventory...... Total assets. Current liabilities. Non-current liabilities. Net credit sales...... Cost of goods sold Interest expense....

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Inventory...... Total assets. Current liabilities. Non-current liabilities. Net credit sales...... Cost of goods sold Interest expense. Income tax expense... Profit............... 81,000 590,000 135,000 349,000 620,000 1344,000 22,000 21,000 94,000 77,000 512,000 105,000 322,000 595,000 319,000 27,000 14,000 62,000 Instructions Answer the following questions relating to the year ended December 31, 2021. Show calculations. a) The inventory turnover for 2021 is b) c) The interest coverage in 2021 is The debt to total assets for 2021 is. The receivables turnover for 2021 is. e) The return on assets for 2021 is d) h Add-ins Inventory...... Total assets. Current liabilities. Non-current liabilities. Net credit sales...... Cost of goods sold Interest expense. Income tax expense... Profit............... 81,000 590,000 135,000 349,000 620,000 1344,000 22,000 21,000 94,000 77,000 512,000 105,000 322,000 595,000 319,000 27,000 14,000 62,000 Instructions Answer the following questions relating to the year ended December 31, 2021. Show calculations. a) The inventory turnover for 2021 is b) c) The interest coverage in 2021 is The debt to total assets for 2021 is. The receivables turnover for 2021 is. e) The return on assets for 2021 is d) h Add-ins

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ANSWER To answer the questions well use the following formulas a Inventory Turnover Cost of Goods So... View the full answer