Number Clipboard Font Alignment A16 X V fx a ) A B C D E G H K Selected information from the comparative financial statements of Patrick Parker Inc. for the year ended December 31, appears below: 2 2021 2020 3 Accounts receivable $380,000 $320,000 4 Inventory 130,000 145,000 5 Total assets 1,800,000 1,650,000 6 Current liabilities 196,000 105,000 7 Non-current liabilities 400,000 322,000 8 Net credit sales 1,900,000 1,250,000 9 Cost of goods sold 700,000 619,000 10 Interest expense 75,000 30,000 11 Income tax expense 60,000 44,000 12 Profit 210,000 97,000 13 14 Instructions 15 Answer the following questions relating to the year ended December 31, 2021. 16 a) The inventory turnover for 2021 is 17 b) The interest coverage in 2021 is 18 c) The debt to total assets for 2021 is 19 d) The receivables turnover for 2021 is 20 e) The return on assets for 2021 is 21 22 23 24 + 25 26 27 28 29 Cash Flow |Horizontal Analysis Ratio Analysis Ready O Type here to