Use the Following Information to Calculate the Ratios Requested Below

question 99

Essay

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

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

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

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Definitions:

Food Chain

A food chain describes a series of creatures each dependent on the next as a source of food, illustrating the flow of energy and nutrients from one organism to another across an ecosystem.

Organism

A living entity made up of one or more cells that is capable of growth, reproduction, and response to stimuli like bacteria, plants, and animals.

Stable Ecosystem

An ecosystem that remains relatively constant in its composition of species and the transfer of energy over time, demonstrating resilience to disturbances.

Balanced Ecosystem

An ecological state where natural systems are in harmony, with stable populations and sustainable interactions among organisms and their environment.