D E F G H 1 Comparative information taken from the London Antiques Corporation financial statements is shown below: 2 2022 2021 B 1 Notes receivable $80,000 $-0- 4 2 Accounts receivable 1,82,000 1,40,000 5 3 Retained earnings 49,000 -40,000 6 4 Sales 9,30,000 7,50,000 7 5 Operating expenses 1,70,000 2,00,000 8 6 Income taxes payable 95,000 70,000 9 10 Instructions 11 Using horizontal analysis, show the percentage change from 2021 to 2022 with 2021 as the base year. 12 13 1 14 2 15 3 16 4 17 18 19 20 21 22 23 24 N 5 6 WINN WN86C Selected information from the comparative financial statements of Patrick Parker Inc. for the year ended December 31, appears below: 2021 2020 Accounts receivable $380,000 $320,000 Inventory 130,000 145,000 Total assets 1,800,000 1,650,000 Current liabilities 196,000 105,000 Non-current liabilities 400,000 322,000 Net credit sales 1,900,000 1,250,000 Cost of goods sold 700,000 619,000 Interest expense 75,000 30,000 Income tax expense 60,000 44,000 Profit 210,000 97,000 Instructions Answer the following questions relating to the year ended December 31, 2021. 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