ch18 solve

Selected information from the comparative financial statements of Montero Corporation for the year ended December 31, appears below: 2021 2020 Accounts receivable $ 35,000 $ 20,000 Inventory..... 50,000 42,000 Total assets. 285,000 259,000 Current liabilities ..... 44,000 52,000 Non-current liabilities 150,000 100,000 450,000 478,000 Net credit sales...... Cost of goods sold.. 218,000 242,000 Interest expense..... 18,000 9,000 Income tax expense 25,000 29,000 Profit 68,000 77,000 Required: Answer the following questions relating to the year ended December 31, 2021. Show calculations. a) The inventory turnover for 2021 is b) The interest coverage in 2021 is c) The debt to total assets for 2021 is d) The receivables turnover for 2021 is e) The return on assets for 2021 is