3 10 14 16 12 QUESTION 10 10. Use the information provided in the financial statements to calculate the following ratios: (a) average collection period. (b) times interest eamed (TIE) and (c) return on total assets (ROA) (9 points) Balance Sheet Income Statement Cash Accounts receivable Inventories Total current assets Net Fixed Assets Total Assets $3,100 Cost of goods sold 4,750 Gross proti 5,600 Operating expenses $13,450 Operating income 18,650 Interest expenses $32,100 Earnings before taxes $5,100 Taxes (36%) 14,800 Net Income $19,900 3,900 Shares outstanding 8,300 Market price per share $12,200 $32,100 35,500 $15,000 10,700 $5,100 1,230 $3,870 1,393 $2.477 Current liabilities Long-term debt Total liabilities Common stock Retained earnings Total Stockholders' Equity Total Liabilities and Equity 1,150 $42.90 TTT Arial 3 (12pt) TE es de and Submit to save and submi. Che SaveAnswers to save all answers. Save Al