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Freedom Corporation reported these figures: (Click the icon to view the balance sheet) (Click the icon to view the income statement) Freedom Corporation has 2,500,000 shares of common stock outstanding. Its stock has traded recently at $34.50 per share. You would like to gain a better understanding of Freedom Corporation's financial position. Assume all sales are on credit Read the requirement: a. Inventory turnover Enter the formula on the first line, then calculate the inventory turnover on the next line. (Enter amounts in thousands as provided to you in the problem statement Round your answer to one decimal place.) Freedom sells its inventory 3.0 times per year. To determine if this seems reasonable, a comparison with industry standards would be necessary to reach a better conclusion. b. Days' sales in receivables Enter the formula on the first ine, then calculate the days' sales in average recervables on the next line (Enter amounts in thousands as provided to you in the problem statement. Round your answer to one decimal place.) Freedom Corporation reported these figures: (Click the icon to view the balance sheet) (Click the icon to view the income statement) Freedom Corporation has 2,500,000 shares of common stock outstanding. Its stock has traded recently at $34.50 per share. You would like to gain a better understanding of Freedom Corporation's financial position. Assume all sales are on credit Read the requirement: a. Inventory turnover Enter the formula on the first line, then calculate the inventory turnover on the next line. (Enter amounts in thousands as provided to you in the problem statement Round your answer to one decimal place.) Freedom sells its inventory 3.0 times per year. To determine if this seems reasonable, a comparison with industry standards would be necessary to reach a better conclusion. b. Days' sales in receivables Enter the formula on the first ine, then calculate the days' sales in average recervables on the next line (Enter amounts in thousands as provided to you in the problem statement. Round your answer to one decimal place.) Balance sheet Balance sheet Income statement Requirement Calculate the following ratios for 2020 and interpret the results: a. Inventory turnover b. Days' sales in receivables c. Acid-test ratio d. Times-interest-earned e. Gross profit percentage f. Operating income percentage g. Return on stockholders' equity h. Earnings per share i. Pricelearnings ratio

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