Selected information from the comparative financial statements of

Fryman Company for the year ended December 31, appears below: 2017 2016 Accounts receivable (net) $ 180,000 $200,000 Inventory 140,000 160,000 Total assets 1,200,000 800,000 Current liabilities 140,000 110,000 Long-term debt 400,000 300,000 Net credit sales 1,330,000 700,000 Cost of goods sold 900,000 530,000 Interest expense 50,000 25,000 Income tax expense 60,000 29,000 Net income 150,000 85,000 Net cash provided by operating activities 220,000 135,000 Instructions Answer the following questions relating to the year ended December 31, 2017. 1. The inventory turnover ratio for 2017 is __________. 2. The times interest earned ratio in 2017 is __________. 3. The debt to total assets ratio for 2017 is __________. 4. The receivables turnover ratio for 2017 is __________. 5. The return on assets ratio for 2017 is __________. 6. The cash return on sales ratio for 2017 is __________. 7. The current cash debt coverage ratio for 2017 is __________.