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please solve all and send. Second: Selected information from the comparative financial statements of XYZ Company for the year ended December 31, appears below: 2019
please solve all and send.
Second: Selected information from the comparative financial statements of XYZ Company for the year ended December 31, appears below: 2019 2018 Inventory $ 140,000 $160,000 Accounts receivable (net) 180,000 200,000 Total assets 1,200,000 800,000 Non-current liabilities 340,000 300,000 Current liabilities 140,000 110,000 Net credit sales 1,520,000 1,200,000 Cost of goods sold 750,000 630,000 Interest expense 40,000 25,000 Income tax expense 60,000 29,000 Net income 160,000 85,000 Instructions Compute the following ratios relating to the year ended December 31, 2019. Show computations. 1. Inventory turnover 2. Times interest earned Debt to total assets ratio Accounts receivable turnover 16. Return on assets 6. Return on Equity Step by Step Solution
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