Questions 17 to 20 relate to the following information: You have been provided the following selected account balances from Alwater ind for its 2020 fiscal year The Chiet Accountant has requested your assistance in calculating and interpreting ratios Account Accounts Receivable Accumulated Depreciation - Building Allowance for Doubtful Accounts Building Cash Cost Sales Credit Card Discounts Inventory Land Sales Discounts Sales Revenue Goodwill January 1, 2020 December 31, 2020 $426,000 $536.000 (57.500) (63.250) (72,000) (89.000) 575,000 575,000 41,000 87,000 271.000 (55,000) 188,000 257,000 125,000 125,000 (74,000) 740,000 85,000 17 0838 The inventory turnover ratio is equal to: Select one: a 1.22 O b. 1.05 O c.0.61 O d. 0.82 18 of 38 The fixed asset turnover ratio is equal to: Select one: O a. 0.87 O b. 1.90 O c. 1.06 O d. 0.96 19138 The receivables turnover ratio is equal to: Select one O a 1.53 b. 1.85 O c. 1.66 O d. 1.27 200138 Which of the following is NOT true? Select one: O a. The receivables turnover ratio would be useful for management to determine an adequate sales discount policy O b. A sushi restaurant would likely have a high inventory turnover ratio O c. Intangible assets and goodwill are excluded from the calculation of the fixed assotturnover ratio. O d. None of the listed answers