Ratio Analysis} Bari Sports' net sales, average net trade accounts receivable, and net income were ($ 7,300,000),

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Ratio Analysis}

Bari Sports' net sales, average net trade accounts receivable, and net income were $\$ 7,300,000$, CORNERSTONE 5.5 $\$ 842,000$, and $\$ 390,000$, respectively.

\section*{Required:}

Calculate Bari's (1) accounts receivable turnover, (2) average collection period, and (3) net profit margin ratio.

\section*{Brief Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 07, 2024 01:20 AM

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Ratio Analysis} Bari Sports' net sales, average net trade accounts receivable, and net income were ($ 7,300,000),

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Cornerstones Of Financial Accounting

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