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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

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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 Short Term investments Accounts receivable Inventory Prepaid insurance. Long-term investments Equipment (net) Land Goodwill Total assets. $ 18,000 25,000 38,000 61,000 6,000 49,000 130,000 33,000 55,000 $ 415,000 $ 22,000 -0- 42,000 52,000 9,000 20,000 130,000 33,000 55,000 $363,000 Net income. Sales (all on credit) Cost of goods sold.. Interest expense..... Income tax expense. Tax rate = 28% $ 62,250 305,000 123,000. 15,600 17,450 Instructions From the above information, calculate the following ratios for2020, rounding to 1 decimal place (2 marks each): Ratio Amount 1.Inventory turnover 2.Accounts receivable turnover 3. Return on assets ratio 4.Gross profit percentage ratio

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