Young Corporation Balance Sheet Inoome Statenent Assets: Cash Aocounts receivable Inventory Net fixed assets 150,000 Sales (all aredit) s6,000,000 450,000 600, Cost of gooda sold 3,000,000 000 operating expenses 750,000 750,000 750,000 750,000 1, 800,000 Interest expense equityNet income 1, 200,000 Inoome taxes Liabilities and owner Aocounts payable Notes payable Long-tern debt Owner's Equity 150,000 150,000 1,500,000 22. Based on the information in Table 3, the times-interest-earned-ratio is a. 3 times c.4 times b. 53 times d. 2 times Based on the information in Table 3 the average collection period (using a 360 day yea is: 23. r) a. 36.0 days c. 13.2 days b. 9.0 days d. 27.0 days Based on the information in Table 3 the total asset turnover is: a. 2.0 times c. 1.8 times b. 3.0 times d. 5.0 times