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show the calculation for all Selected information from the comparative financial statements of Trek Incorporated for the year ended December 31, appears below: 2020 2019
show the calculation for all
Selected information from the comparative financial statements of Trek Incorporated for the year ended December 31, appears below: 2020 2019 Accounts receivable 42,000 33,000 Inventory 112,000 101,000 Total assets 319,000 295,000 Current liabilities 47,000 58,000 Non-current liabilities 123,000 131,000 Net credit sales 647,000 662,000 Cost of goods sold 388,000 384,000 Interest expense 21,000 19,000 Income tax expense 33,000 27,000 Profit 82,000 88,000 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
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