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Selected information from the comparative financial statements of Ivanhoe Company for the year ended December 31 appears below: 2021 2020 Accounts receivable (net) $179,000
Selected information from the comparative financial statements of Ivanhoe Company for the year ended December 31 appears below: 2021 2020 Accounts receivable (net) $179,000 $204,000 Inventory 134,000 174,000 Total assets 1,104,000 804,000 Current liabilities 144,000 114,000 Long-term debt 414,000 304,000 Net credit sales 861,750 704,000 Cost of goods sold 585.200 534,000 Interest expense 44,000 29,000 Income tax expense 64,000 33,000 Net income 116,400 89,000 Net cash provided by operating activities 254,000 139,000 Answer the following questions with regard to the year ended December 31, 2021. (Round answers to decimal place, eg. 52.7) 12 The inventory turnover for 2021 is 2 The number of times interest earned in 2021 is 3 The accounts receivable turnover for 2021 is 4. The return on assets for 2021 is times times times 96
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