For each of the ratios below, select the statement that best describes the meaning of the ratio. Accounts payable turnover Choose... Operating expenses percentage Cash interest coverage Choose... The percentage return that the owners are earning on their capital contributions. The number of days, on average, a business holds inventory before selling it. The percentage of sales used to cover/pay for various expenses. The relationship of sales to total assets. The efficiency of management in paying its creditors. Measures the 'safety margin' of cash flows over interest payments. Choose... Return on equity (ROE) Asset turnover Number of days inventory is on hand Choose... For each of the ratios in the table below, select whether PB Limited or their closest competitor, AN Limited, has performed better in 2021. Note: The data in the table below will be used for Questions 53 - 55. PB Limited AN Limited Ratio Performed better? 2020 2021 2020 2021 Accounts payable turnover 9 times 7 times 11 times 12 times Accounts receivable turnover 14 times 15.2 times 7.5 times 6.3 times PB Limited AN Limited Asset turnover 0.66 0.69 0.99 1.20 Cash flow to sales ratio 27% 33% 35% 36% Y Cash interest coverage 2.15 3.7 1.7 2.3 Current ratio (working capital ratio) 1.18:1 1.54:1 1.45:1 1.75:1 Debt to equity ratio 46.6% 38.5% 125.2% 185.7% Debt to total assets ratio 31.8% 27.8% 55.6% 65.0% Net profit percentage 3.9% 6.5% 4.7% 2.9% 7 Number of days inventory is on hand 65 days 58 days 55 days 70 days Operating expenses percentage 32% 35% 33% 30% Return on equity (ROE) 3.9% 7.2% 6.5% 6.0%