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.

$\begin{array}{lr}\text { Average inventory } &\$ 4,500 \\\text { Average total assets } & 50,000 \\\text { Cost of goods sold } & 15,750 \\\text { Income taxes expense } & 2,700 \\\text { Interest expense } & 1,500 \\\text { Net income } & 3,200 \\\text { Net sales } & 30,000 \\\text { Market price, December 31, on 2,000 shares } & \$ 48 / \text { share }\end{array}$

$$\begin{array} { | l | l | l | l| } \hline \text { Return an assets } &\quad & \text { Inventary turnover } &\quad \\\hline \text { Price/earning } ( \mathrm { P } / \mathrm { E } ) \text { ratio } & & \text { Interest coverage ratio } & \\\hline\end{array}$$