requirments

a.	Inventory turnover
b.	Days' sales in receivables
c.	Acid-test ratio
d.	Times-interest-earned
e.	Gross profit percentage
f.	Operating income percentage
g.	Return on stockholders' equity
h.	Earnings per share
i.	Price/earnings ratio

Freedom Corporation reported these figures: (Click the icon to view the balance sheet. E: (Click the icon to view the income statement.) Freedom Corporation has 2,500,000 shares of common stock outstanding. Its stock has traded recently at $30.80 per share. You would like to gain a better understanding of Freedom Corporation's financial position. Assume all sales are on credit. Read the requirement. a. Inventory turnover Enter the formula on the first line, then calculate the inventory turnover on the next line. (Enter amounts in thousands as provided to you in the problem statement. Round your answer to one decimal place.) = Inventory turnover Freedom Corporation Balance Sheets December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Assets Current assets: Cash Accounts receivables 3,575 $ 2,200 1,200 2,790 2,400 1,980 800 Inventory 3,020 Other current assets Total current assets Other assets 9,765 $ 19,000 28,765 $ 8,200 17,000 25,200 $ Total assets Liabilities Total current liabilities $ 10,500 $ 6,265 9,000 8,200 Long-term liabilities Total liabilities $ 16,765 $ 17,200 Stockholders' equity Total common stockholders' equity 12,000 8,000 $ 28,765 $ 25,200 Total liabilities and equity Freedom Corporation Income Statement For the Year Ended December 31, 2017 (amounts in thousands) 2017 13,870 $ 2.400 Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income $ 11,470 470 $ 11,000 500 Less: Interest expense Income before income taxes $ Less: Income tax expense 10,500 8,300 2,200 Net income