1.

A company reports the following:

Cost of goods sold	$318,645
Average inventory	70,810

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

a. Inventory turnover
b. Number of days' sales in inventory

2.

The following information was taken from Acme Company's balance sheet:

Fixed assets (net)	$343,800
Long-term liabilities	191,000
Total liabilities	869,050
Total stockholders' equity	668,500

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity

3.

Times interest earned

A company reports the following:

Income before income tax expense	$835,200
Interest expense	96,000

Determine the times interest earned. Round to one decimal place. _____________