Selected Information from the Comparative Financial Statements of Fryman Company

Selected information from the comparative financial statements of Fryman Company for the year ended December 31, appears below:
Instructions
Answer the following questions relating to the year ended December 31, 2011. Show computations.
1. Inventory turnover for 2011 is __________.
2. Times interest earned in 2011 is __________.
3. The debt to total assets ratio for 2011 is __________.
4. Receivables turnover for 2011 is __________.
5. Return on assets for 2011 is __________.

Correct Answer:

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