Ratio Analysis
the Following Select Information Is Taken from Blueberry

question 7

Essay

Ratio analysis
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: $\begin{array}{llr}&2020&2019\\\\ \text { Assets: } &\\ \text {Cash } &\$18,000&\$22,000\\ \text { \( \mathrm{FV}-\mathrm{NI} \) investments } &25,000&-0-\\ \text { Accounts receivable } &38,000&42,000\\ \text { Inventory} &61,000&52,000\\ \text { Prepaid insurance } &6,000&9,000\\ \text { Long-term investments } &49,000&20,000\\ \text { Equipment (net) } &130,000&130,000\\ \text { Land } &33,000&33,000\\ \text { Goodwill } &55,000&55,000\\ \text {Total assets } &\$415,000&\$363,000\\\\ \text {Net income. } &\$62,250\\ \text { Sales (all on credit) } &305,000\\ \text {Cost of goods sold. } &123,000\\ \text { Interest expense.} &15,600\\ \text { Income tax expense } &17,450\\\end{array}$
Instructions
From the above information, to one decimal, calculate the following for 2020:
a) Inventory turnover
b) Receivables turnover
c) Rate of return on assets
d) Times interest earned.

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Definitions:

Cognitive Appraisal

The process by which an individual evaluates and interprets an event or situation, thereby determining its significance and the type of emotional response that is appropriate.

Physiological Arousal

The body's response to stimuli, which may include increased heart rate, respiration, and energy activation, preparing the body for action.

Facial Expressiveness

The degree to which someone visibly shows emotions through facial movements, an important aspect of non-verbal communication.

Parasympathetic Nervous System

A component of the autonomic nervous system that promotes relaxation, healing, and energy conservation in the body.