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Use the Following Information to Calculate the Ratios Requested Below

question 99

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Use the following information to calculate the ratios requested below.Round answers to two decimal places.Show your work.

 Average inventory $6,000 Average total assets 80,000 Cost of goods sold 21,000 Income taxes expense 3,600 Interest expense 2,000 Net income 4,800 Net sales 40,000 Market price, December 31, on 2,000 shares $36/ share \begin{array} { l r } \text { Average inventory } & \$ 6,000 \\\text { Average total assets } & 80,000 \\\text { Cost of goods sold } & 21,000 \\\text { Income taxes expense } & 3,600 \\\text { Interest expense } & 2,000 \\\text { Net income } & 4,800 \\\text { Net sales } & 40,000 \\\text { Market price, December 31, on 2,000 shares } & \$ 36 / \text { share }\end{array}

 Return an assets  Inventary turaver  Priceleanings (P/E) ratio  Interest coverage ratid \begin{array} { | l | l | l | l | } \hline \text { Return an assets } && \text { Inventary turaver } & \\\hline \text { Priceleanings (P/E) ratio } & & \text { Interest coverage ratid } & \\\hline\end{array}


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