Selected Information from the Comparative Financial Statements of Wong Inc

Selected information from the comparative financial statements of Wong Inc. for the year ended December 31, appears below:
Instructions
Answer the following questions relating to the year ended December 31, 2014. Show calculations.
a. The inventory turnover for 2014 is __________.
b. The interest coverage in 2014 is __________.
c. The debt to total assets for 2014 is __________.
d. The receivables turnover for 2014 is __________.
e. The return on assets for 2014 is __________.

Correct Answer:

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