Pls answer without plagiarism Accounts receivable (net)InventoryTotal assetsCurrent liabilitiesLong-term debtNet credit salesCost of goods soldInterest expenseIncome tax expenseNet incomeNet cash provided by operating activities4$2021175,000 $ 200,000130,0001,100,000140,000410,000900,000600,00040,00060,000120,0002020250,000170,000800,000110,000300,000700,000530,00025,00029,00085,000135,000 Answer the following questions relating to the year ended December 31, 2021. (Round answers to 1 decimal place, e.g. 5.2 or 15.2%)1.2.3.4.The inventory turnover for 2021 isThe number of times interest earned in 2021 isThe accounts receivable turnover for 2021 isThe return on assets for 2021 is%.times.times.times.

Accounts receivable (net) Inventory Total assets Current liabilities Long-term debt Net credit sales Cost of goods sold Interest expense Income tax expense Net income Net cash provided by operating activities $ 2021 175,000 130,000 1,100,000 140,000 410,000 900,000 600,000 40,000 60,000 120,000 250,000 2020 $ 200,000 170,000 800,000 110,000 300,000 700,000 530,000 25,000 29,000 85,000 135,000

Accounts receivable (net) Inventory Total assets Current liabilities Long-term debt Net credit sales Cost of goods sold Interest expense Income tax expense Net income Net cash provided by operating activities $ 2021 175,000 130,000 1,100,000 140,000 410,000 900,000 600,000 40,000 60,000 120,000 250,000 2020 $ 200,000 170,000 800,000 110,000 300,000 700,000 530,000 25,000 29,000 85,000 135,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16PB: Use the following information relating to Medinas Company to calculate the inventory turnover ratio,...

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