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Selected information from the comparative financial statements of Patrick Parker Inc. for the year ended December 31, appears below 2021 2020 Accounts receivable ###### Inventory

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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 Total assets Current liabilities 1,96,000 1,05,000 Non-current liabilities 4,00,000 3,22,000 Net credit sales Cost of goods sold 700,000 6,19,000 Interest expense 75,000 30,000 Income tax expense 60 000 44,000 Profit 2,10,000 97.000 Instructions Answer the following questions relating to the year ended December 31, 2021 a). The inventory turnover for 2021 is b) The interest coverage in 2021 is C) The debt to total assets for 2021 is d) The receivables turnover for 2021 is e) The return on assets for 2021 is 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 Total assets Current liabilities 1,96,000 1,05,000 Non-current liabilities 4,00,000 3,22,000 Net credit sales Cost of goods sold 700,000 6,19,000 Interest expense 75,000 30,000 Income tax expense 60 000 44,000 Profit 2,10,000 97.000 Instructions Answer the following questions relating to the year ended December 31, 2021 a). The inventory turnover for 2021 is b) The interest coverage in 2021 is C) The debt to total assets for 2021 is d) The receivables turnover for 2021 is e) The return on assets for 2021 is

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