Question 8 18 Marks) The following select information is taken from Blueberry Pie Corp.'s statements of financial position at December 31, 2019 and 2020, and their income statement for calendar 2020: 2020 2019 Assets: Cash $ 18,000 $ 22,000 Short Term investments 25.000 Accounts receivable 38.000 42,000 Inventory 61,000 52.000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Equipment (net). 130,000 130,000 Land. 33,000 33.000 Goodwill 55.000 55.000 Total assets. $ 415,000 $363.000 Net income Sales (all on credit) Cost of goods sold Interest expense. Income tax expense. Tax rate = 28% S 62.250 305.000 123,000. 15,600 17.450 Instructions From the above information, calculate the following ratios for 2020, rounding to I decimal place (2 marks each): Ratio Amount 1.Inventory tumover 2.Accounts receivable turnover 3. Return on assets ratio 4.Gross profit percentage ratio