Q1. Inventory Analysis - A company reports the following:

Cost of goods sold - $435,000

Average inventory - 72,500

Determine (a) the inventory turnover and (b) the number of days' sales in inventory.

Round interim calculations to the nearest dollar and ?nal answers to one decimal place. Assume 365 days a year.

Q2. Long-Term Solvency Analysis - The following information was taken from Charu Company's balance sheet:

Fixed assets (net) $860,000

Long-term liabilities 200,000

Total liabilities 600,000

Total stockholders' equity 250,000

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

Q3. Times interest earned - A company reports the following:

Income before income tax $8,000,000

Interest expense 500,000

Determine the number of times interest charges are earned.