Use the Following Information to Calculate the Ratios Requested Below

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

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

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