Selected information from the comparative financial statements of Rank Incorporated for the year ended December 31, appears below: 2020 2019 Accounts receivable 48,000 29,000 Inventory 118,000 97,000 Total assets 325,000 291,000 Current liabilities 53,000 54,000 Non-current liabilities 129,000 127,000 Net credit sales 653,000 658,000 Cost of goods sold 394,000 380,000 27,000 15,000 Income tax expense 39,000 23,000 Profit 88,000 84,000 Interest expense Instructions Answer the following questions relating to the year ended December 31, 2020. Show calculations. Instructions Answer the following questions relating to the year ended December 31, 2020. Show calculations. a) The inventory turnover for 2020 is b) The interest coverage in 2020 is c) The debt to total assets for 2020 is d) The receivables turnover for 2020 is e) The return on assets for 2020 is ***SHOW YOUR WORK FOR A CHANCE AT PARTIAL MARKS!*** 1 A B 1 EE 3 2 A B D mo