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Selected information from the comparative financial statements of Marigold Company for the year ended December 31 appears below: 2022 2021 Accounts receivable (net) $ 171,000

Selected information from the comparative financial statements of Marigold Company for the year ended December 31 appears below:

2022 2021

Accounts receivable (net)

$ 171,000 $ 217,000

Inventory

122,500 169,000

Total assets

1,029,000 800,000

Current liabilities

136,000 112,000

Long-term debt

415,000 298,000

Net credit sales

911,800 719,000

Cost of goods sold

670,450 535,000

Interest expense

39,000 26,000

Income tax expense

62,200 29,000

Net income

125,000 84,000

Net cash provided by operating activities

251,000 131,000

Answer the following questions relating to the year ended December 31, 2022. (Round answers to 1 decimal place, e.g. 5.2 or 15.2%.)

1. The inventory turnover for 2022 is Enter the inventory turnover in times rounded to 1 decimal place times.
2. The number of times interest earned in 2022 is Enter the number of times interest rounded to 1 decimal place times.
3. The accounts receivable turnover for 2022 is Enter the accounts receivable turnover in times rounded to 1 decimal place times.
4. The return on assets for 2022 is Enter the return on assets in percentages rounded to 1 decimal place %

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