Selected information from the comparative financial statements of Patrick Parker Inc for the year ended December 31, appears below 2021 2020 Accounts receivable Inventory 1,30,000 1,45,000 5 Total assets 6 Current liabilities 1,96 000 1,05,000 7. Non-current liabilities 4,00,000 3,22,000 8 Net credit sales 9 Cost of goods sold 7,00,000 6,19,000 10 Interest expense 75,000 30,000 11 Income tax expense 60,000 44,000 12. Profit 2,10,000 97,000 12 14 Instructions 15 Answer the following questions relating to the year ended December 31, 2021. 16 a) The inventory turnover for 2021 is 17 b) The interest coverage in 2021 is #NAME? The debt to total assets for 2021 is d) The receivables turnover for 2021 is 20 e) The return on assets for 2021 is 15 19 21 22 23 24 25