The following information is from Omega Corporation's balance sheets as of December 31, 2009 and 2010 and its income statement for 2010:
From the above information, calculate the following ratios for 2010:
(a) Inventory turnover.
(b) Accounts receivable turnover.
(c) Return on total assets.
(d) Times interest earned.
(e) Total asset turnover.
Definitions:
RNA
Ribonucleic acid, a nucleic acid present in all living cells that acts as a messenger carrying instructions from DNA for controlling the synthesis of proteins.
Structural Component
An element or part of a larger structure, which contributes to its build and integrity.
Carbohydrates
Organic compounds, consisting of carbon, hydrogen, and oxygen, that serve as a major energy source for the body; includes sugars, starches, and fibers.
Peptide Bond
Chemical bond between amino acids.
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