Part 1 of 18 O Points: 0 of 1 Save Peace Corporation reported these figures: View the balance sheets View the income statement. Peace Corporation has 2,000,000 shares of common stock outstanding. Its stock has traded recently at $33.30 per share. You would like to gain a better understanding of Peace Corporation's financial position. Assume all sales are on credit. Read the requirement a. Inventory turnover Enter the formula on the first line, then calculate the inventory turnover on the next line. (Enter amounts in thousands as provided to you in the problem statement. Round your answer to one decimal place.) Inventory turnover Peace Corporation Balance Sheets December 31, 2023 and 2022 (amounts in thousands) 2023 2022 d lik Assets you Current assets: Cash $ 3,110 $ 2,200 Accounts receivable 2,500 2,420 Inventory 2,000 1,400 Other current assets 1,850 2,280 Total current assets S 9,460 $ 8,300 Other assets 23,000 16,500 S Total assets 32,460 $ 24,800 Other assets Total assets 23,000 16,500 $ 32,460 $ 24,800 Liabilities Total current liabilities Long-term liabilities $ 11,000 $ 10,000 11.460 9,800 Total liabilities $ 22,460 $ 19,800 Stockholders' equity Total common stockholders' equity Total liabilities and equity 10,000 5,000 $ 32,460 $ 24,800 res Peace Corporation Income Statement For the Year Ended December 31, 2023 (amounts in thousands) share. You would 2023 Sales revenues $ 14,965 ca Is as provided to y Less: Cost of goods sold 5.270 Gross profit 9,695 7,395 Less: Operating expenses Operating income S 2,300 100 Less: Interest expense Income before income taxes $ 2,200 400 Less: Income tax expense 1,800 Net income Requirement Calculate the following ratios for 2023 and interpret the results: a. Inventory turnover b. Days' sales in receivables c. Acid-test ratio d. Times-interest-earned e. Gross profit percentage f. Operating income percentage g. Return on stockholders' equity h. Earnings per share i. Price/earnings ratio