iven below are comparative statements of financial position (balance sheets) and an income statement for Claret Corporation. Claret Corporation Balance Sheets Year 2 December 31 January 1 Cash $ 16,600 $ 16,600 Accounts receivable 48,100 39,700 Inventory 33,500 37,400 Equipment (net) 58,200 67,300 Total $ 156,400 $ 161,000 Accounts payable 27,000 29,600 Dividends payable 8,800 4,900 Long-term note payable 15,300 15,300 Capital stock, $5 par 73,800 73,800 Retained earnings 31,500 37,400 Total $ 156,400 $ 161,000 Claret Corporation Income Statement For the year ended Year 2 Sales $ 229,800 Cost of goods sold 137,640 Gross profit on sales $ 92,160 Operating expenses 75,968 Operating income $ 16,192 Interest expense and income taxes 9,600 Net income $ 6,592 All sales were made on account. Cash dividends declared during the year totaled $12,492. Claret Corporation's accounts receivable turnover for Year 2 is: Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1,110 Cost of goods sold $ 490 Operating expenses $ 410 Net income $ 330 Balance sheet information: Average total equity $ 1,800 Average total assets $ 3,400 Supreme reported earnings per share for the year of $5 and paid cash dividends of $2 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $82 per share. Supreme's return on assets was: Given below are comparative statements of financial position (balance sheets) and an income statement for Namekagon Corporation. Namekagon Corporation Balance Sheets Year 2 December 31 January 1 Cash $ 16,200 $ 16,200 Accounts receivable 47,280 38,900 Inventory 33,100 37,000 Equipment (net) 57,800 66,900 Total $ 154,380 $ 159,000 Accounts payable 26,600 29,200 Dividends payable 8,400 4,500 Long-term note payable 14,900 14,900 Capital stock, $5 par 73,400 73,400 Retained earnings 31,080 37,000 Total $ 154,380 $ 159,000 Namekagon Corporation Income Statement For the year ended Year 2 Sales $229,400 Cost of goods sold 137,600 Gross profit on sales $ 91,800 Operating expenses 75,928 Operating income $ 15,872 Interest expense 9,700 Net income $ 6,172 Namekagon Corporation's interest coverage ratio for Year 2 is: