TEW COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses Depreciation Operating profit Interest expense Profit before taxes Taxes (35%) Net income $500,000 0,00 $300,000 40.000 $230,000 $210,000 $136,500 7.Given the balance sheet and income above for the TEW Company Find: a. The firm's average collection period is(assume a 360-day calendar). b. The firm's inventory turnover ratio. c. The firm's fixed asset turnover ratio d. Total asset turnover rate. e. Tew's quick ratio. f. Tew's current ratio. g. The firm's debt to assets ratio h. Fixed charge coverage for Tew Company i. Times interest earned for Tew Company. ARS Inc determines that salos wil TEW COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses Depreciation Operating profit Interest expense Profit before taxes Taxes (35%) Net income $500,000 0,00 $300,000 40.000 $230,000 $210,000 $136,500 7.Given the balance sheet and income above for the TEW Company Find: a. The firm's average collection period is(assume a 360-day calendar). b. The firm's inventory turnover ratio. c. The firm's fixed asset turnover ratio d. Total asset turnover rate. e. Tew's quick ratio. f. Tew's current ratio. g. The firm's debt to assets ratio h. Fixed charge coverage for Tew Company i. Times interest earned for Tew Company. ARS Inc determines that salos wil