The following select information is taken from Blueberry Pie Corp.'s statements of financial position at December 31, 2019 and 2020, and their income statement for calendar 2020: 2020 2019 Assets: Cash $ 18,000 $ 22,000 Short Term investments 25.000 -0- Accounts receivable 38,000 42,000 Inventory 61,000 52,000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Equipment (net) I 130,000 130,000 Land 33.000 33,000 Goodwill 55.000 55.000 Total assets $ 415,000 S 363.000 Net income.... Sales (all on credit) Cost of goods sold Interest expense Income tax expense Tax rate=28% S 62.250 305,000 123,000 15,600 17.450 Instructions From the above information, calculate the following ratios for2020. rounding to I decimal place (2 marks each): Ratio Amount Cost of goods sold Average inventory 1.Inventory tumover 2. Accounts receivable turnover 3. Returns to MacBook Pro ago COG DII DO FT 10 F5 + % A & 7 ) O 5 6 8 9 R Y U OP gos. Interest expense.. Income tax expense. Tax rate - 28% nou 15,600 17.450 Instructions From the above information, calculate the following ratios for2020, rounding to I decimal place (2 marks each): Ratio Amount Cost of goods sold Average inventory 1.Inventory tumover 2. Accounts receivable tumover 3. Return on assets ratio 4. Gross profit percentage ratio MacBook Pro COR 668 F .: F3 da F7 DI FB DD F9 F6 F10 M A & + ( 9 5 6 7 00 O =