eBook Show Me How Print Item Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $565,710 Interest expense 99,830 Average total assets 6,220,000 Determine the return on total assets. If required, round the answer to one decimal place. 7.49 X % Feedback Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading eBook Show Me How Print Item Current Position Analysis The following items are reported on a company's balance sheet: Cash $ 205,100 Marketable securities 160,200 Accounts receivable (net) 124,800 Inventory 150,800 Accounts payable 377,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Check My Work Previous Next > All work saved. Email Instructor Save and Exit Submit Assignment for Grading eBook Show Me How Print Item Asset turnover A company reports the following: Sales $521,950 Average total assets (excluding long-term investments) 401,500 Determine the asset turnover ratio. If required, round your answer to one decimal place. 5 Check My Work Previous Next > All work saved. Email Instructor Save and Exit Submit Assignment for Grading eBook Show Me How Print Item Times interest earned A company reports the following: Income before income tax expense $1,270,700 Interest expense 131,000 Determine the times interest earned. Round to one decimal place. Check My Work Previous Next > All work saved. Email Instructor Save and Exit Submit Assignment for Grading