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nventory $ 87,000 Sales (all on acct) $960,000 Total current assets 210,000 Cost of goods sold 510,000 Accounts receivable 62,000 EBIT 165,000 Total assets 700,000

nventory $ 87,000 Sales (all on acct) $960,000 Total current assets 210,000 Cost of goods sold 510,000 Accounts receivable 62,000 EBIT 165,000 Total assets 700,000 Interest expense 14,000 Total current liabilities 109,000 EAT 121,000 Required: Compute the following ratios: [Answer format: All numbers, days, etc. to 2 decimal places (e.g. 14.34). the percent: a percentage to 2 decimal places (E.g. 14.34% would be entered as 14.34)] A. Inventory turnover. Answer 1 Question 21 5.86 times. B. Times Interest Earned. Answer 2 Question 21 times. C. Average Collection Period. Answer 3 Question 21 days. D. Return on Assets. Answer 4 Question 21 %. E. Quick Ratio. Answer 5 Question 21 times

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