1. Use the following information to calculate the ratios requested below. Round answers to two decimal places. Show your work. (8 pts) Average inventory Average total assets Cost of goods sold Income taxes expense Interest expense Net income Net sales $ 6,000 80,000 21,000 3,600 2,000 4,800 40,000 Market price, December 31, on 2,000 shares $36/share A. Return on assets C. Inventory turnover B. Price/earnings (P/E) ratio D. Interest coverage ratio