The following information is from Omega Corporation's balance sheets as of December 31, 2009 and 2010 and its income statement for 2010:

From the above information, calculate the following ratios for 2010:
(a) Inventory turnover.
(b) Accounts receivable turnover.
(c) Return on total assets.
(d) Times interest earned.
(e) Total asset turnover.

Question

The following information is from Omega Corporation's balance sheets as of December 31, 2009 and 2010 and its income statement for 2010:

From the above information, calculate the following ratios for 2010:
(a) Inventory turnover. 
(b) Accounts receivable turnover.
(c) Return on total assets.
(d) Times interest earned.
(e) Total asset turnover.

Quizplus · Accepted Answer

The Answer of The following information is from Omega Corporation's balance sheets as of December 31, 2009 and 2010 and its income statement for 2010:

From the above information, calculate the following ratios for 2010:
(a) Inventory turnover. 
(b) Accounts receivable turnover.
(c) Return on total assets.
(d) Times interest earned.
(e) Total asset turnover.

The Following Information Is from Omega Corporation's Balance Sheets as of December