THE FOLLOWING DATA IS PRESENTED FOR ?SUNSHINE CORPORATION? FOR THE YEAR 2020. READ THE TABLE CAREFULLY AND ANSWER THE FOLLOWING QUESTIONS.

# CALCULATE THE TIMES INTEREST EARNED AND COMMENT ON YOUR FINDINGS.

# CALCULATE THE INVENTORY TURNOVER RATIO AND COMMENT ON YOUR FINDINGS.

# ?CALCULATE THE ASSET TURNOVER RATIO AND COMMENT ON YOUR FINDINGS.

NOTE: NET PROFIT AFTER TAX & INTEREST IS TERMED AS NPAIT WHICH IS THE SAME AS NPAT. ITEM YEAR 2020 REVENUE $300,000 $10,000 $5,000 $5,000 CASH ACCOUNTS RECEIVABLES INVENTORY $15,000 $100,000 $25,000 $85,000 $12,750 $8,500 CURRENT LIABILITES TOTAL ASSETS TAL DEBT NPAIT TAXES TOTAL INTEREST EXPENSE