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Selected information from the comparative financial statements of Fava Company for the year ended December...

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Accounting

Selected information from the comparative financial statements of Fava Company for the year ended December 31, appears below:

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Answer the following questions relating to the year ended December 31, 2017. (Round Times interest earned answer to 1 decimal place, e.g. 52.7.)

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please include all answers.

2017 2016 Accounts receivable (net $180,000 $200,000 Inventory Total assets Current liabilities Long-term debt Net credit sales Cost of goods sold Interest expense Income tax expense Net income 140,000 160,000 1,200,000 800,000 140,000 110,000 400,000 300,000 1,330,000 700,000 900,000 530,000 50,000 25,000 60,000 29,000 150,000 85,000 Inventory turnover for 2017 is Times interest earned in 2017 is The debt to assets ratio for 2017 is Accounts receivable turnover for 2017 is Return on assets for 2017 is 1. 2. 3. 4. times 5

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