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Using the financial statements in the "fsa_assignment

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Using the financial statements in the "fsa_assignment.xlsx" file on canvas, compute the firm's times interest earned. Round your final answer to two decimals. Question 8 1 pts Using the financial statements in the "fsa_assignment.xlsx" file on canvas, compute the firm's cash conversion cycle (CCC). Round your final answer to two decimals.
Assumptions Corporate tax rate 21% Income Statement Sales Cost of goods sold Gross margin Sales, general, and administraive expense Depreciation expense EBIT Interest Expense EBT Taxes Earnings $ 1,000.00 $ 500.00 $ 500.00 $ 100.00 $ 200.00 $ 200.00 $ 50.00 $ 150.00 $ 31.50 $ 118.50 Balance Sheet Cash Accounts receivable Inventory Total Current Assets $ 300.00 Accounts payable $ 500.00 Current portion of Long-term-debt $ 200.00 Short-term debt $ 1,000.00 Total current liabilities $ 500.00 $ 100.00 $ 100.00 $ 700.00 $ 500.00 $ 1,200.00 Property, plant, and equipment Accumulated depreciation Net property, plant and equipment Long-term debt $ 1,000.00 Total liabilities $ 400.00 $ 600.00 Common stock at par value Additional paid in capital Retained earnings Total shareholders' equity $ 50.00 $ 250.00 $ 100.00 $ 400.00 Total assets $ 1,600.00 Total liabilities and shareholders' equity $ 1,600.00 $ net income ROA ROE 118.50 $0.07 $0.30