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Q2. The following information is from Omega Corporation's balance sheets as of December 31. 2013 and 2014 and its income statement for 2014 2014 2013

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Q2. The following information is from Omega Corporation's balance sheets as of December 31. 2013 and 2014 and its income statement for 2014 2014 2013 Assets: Cash S 18,000 $ 22,000 Marketable securities 25,000 Accounts receivable 38,000 42,000 Inventory 61,000 $2,000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Plant assets, net 218,000 225.000 Total assets $415,000 $370,000 Net income $ 62.250 Sales (all on credit) 305,000 Cost of goods sold 123,000 Interest expense 15,600 Income tax expense 27,000 From the above information, calculate the following ratios for 2014 (a) Inventory tumover 6) Accounts receivable turnover (e) Return on total assets (d) Times interest eamed (e) Total asset tumover

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