Presented below is information related to Nash Inc. Cash Receivables $109,900 14,900 NASH INC. BALANCE SHEET DECEMBER 31, 2020 $45,100 Notes payable (short-term) Accounts payable 95,000 Accrued liabilities 171,400 Common stock (par $5) 8,100 Retained earnings 20,000 151,000 $490,600 $49,700 31,700 4,900 Less: Allowance Inventory Prepaid insurance Land Equipment (net) 262,100 142,200 $490,600 NASH INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,398,500 Cost of goods sold Inventory, Jan. 1, 2020 $201,900 Purchases 788,400 Cost of goods available for sale 990,300 Inventory, Dec. 31, 2020 (171,400 ) Cost of goods sold 818,900 Gross profit on sales 579,600 Operating expenses 171,700 Net income $407,900 Compute the following ratios or relationships of Nash Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (1) Current ratio times (2) Inventory turnover times (3) Accounts receivable turnover times (4) Earnings per share $ (5) Profit margin on sales % (6) Return on assets on December 31, 2020 % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit