Selected information from the comparative financial statements of Barcelona Company for the year ended December 31 appears below: 2020 2019
Accounts receivable (net) $ 175,000 $ 200,000
Inventory 130,000 170,000
Total assets 1,100,000 800,000
Current liabilities 140,000 110,000
Long-term debt 410,000 300,000
Net credit sales 900,000 700,000
Cost of goods sold 600,000 530,000
Interest expense 40,000 25,000
Income tax expense 60,000 29,000
Net income 120,000 85,000
Net cash provided by operating activities 250,000 135,000
Instructions Answer the following questions relating to the year ended December 31, 2020. Show computations.
1. The inventory turnover for 2020 is .
2. The number of times interest earned in 2020 is .
3. The accounts receivable turnover for 2020 is .
4. The return on assets for 2020 is .