calculate the following

current ration

days of inventory

times interest earned

return on sales

Following are the 2019 income statement and the balance sheet for Hum Drum Delectables. Hum Drum Delectables 2019 Income Statement Sales Cost of goods sold Other costs Depreciation EBIT (operating income) Interest expense Earnings before tax Taxes (20%) Net Income 400,000 220,000 80,000 10,000 90,000 10,000 80,000 16,000 64,000 Hum Drum Delectables Balance Sheet 2012 40,000 Accounts payable 36,000 20,000 Long-term debt Paid-in capital 240,000 Retained earnings 336,000 Total liab, and equity Cash Accounts receivable Inventories 2012 5,600 Net fixed assets Total Assets 108,000 80,000 142,400 336,000