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Selected information from the comparative financial statements of RERATA Company for the year ended December 31, appears below: Inventory Accounts receivable (net) Total assets Non-current
Selected information from the comparative financial statements of RERATA Company for the year ended December 31, appears below: Inventory Accounts receivable (net) Total assets Non-current liabilities Current liabilities Net credit sales Cost of goods sold Interest expense Income tax expense Net income Instructions 2020 2019 140,000 160,000 180,000 200,000 1,200,000 800,000 340,000 300,000 140,000 110,000 1,520,000 1,200,000 750,000 630,000 40,000 25,000 60,000 29,000 160,000 85,000 Answer the following questions relating to the year ended December 31, 2020. Show computations. 1. Inventory turnover for 2020 is 2. Times interest earned in 2020 is 3. The debt to total assets ratio for 2020 is 4. 5. Accounts receivable turnover for 2020 is Return on assets for 2020 is
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