answer in detail

HEILLIR Selected information from the comparative financial statements of Dubai Company for the year ended December 31, appears below: 2018 2017 Accounts receivable (net) $ 90,000 $100,000 Inventory 70,000 80,000 Total assets 600,000 400,000 Current liabilities 70,000 55,000 Long-term debt 200,000 150,000 Net credit sales 855,000 350,000 Cost of goods sold 525,000 265,000 Interest expense 25,000 12,500 Income tax expense 14,500 30,000 Net income 60,000 42,500 Instructions: Calculate the following ratios relating to the year ended December 31, 2018. 1. Inventory turnover 2. Times interest earned 3. The debt to total assets ratio 4. Receivables turnover 5. Return on assets Solution question 2