on december 31, the compsny had the filloeing financial statements . use them to calculsyr the requestee ratios.

a.) inventory turn over

b.) return on total assets

c.) price/earnings ratio

(please answe all parts of the 1 question )

Balance Sheet Current Assets Cash Accounts receivable Inventories Total current assets Net Fixed Assets Total Assets Current liabilities Long-term debt Total liabilities Common stock Retained earnings Total Stockholders' Equity Total Liabilities and Equity Income Statement Sales $42,000 Cost of goods sold 125,600 Gross profit 134,900 Operating expenses $302,500 Operating income 1,050,000 Interest expenses $1,352,500 Earnings before taxes $237,400 Taxes (29%) 576,900 Net Income $814,300 167,700 Shares outstanding 370,500 Market price per share $538,200 $1,352,500 $965,700 437,800 $527,900 267,900 $260,000 23,076 $236,924 68,708 $168,216 22,500 $54.87 Click Save and Submit to save and submit. Click Save All Answers to save all answers