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1 2 3 4 5 Use the following financial statements to answer questions 1-5. Select the best answer. All answers are rounded. What is the

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Use the following financial statements to answer questions 1-5. Select the best answer. All answers are rounded. What is the common size ratio for retained earnings for 2015. 22.56 percent 26.93 percent 27.65 percent 28.49 percent What is the current ratio for 2015? 0.92 1.05 3.22 3.88 What is the profit margin for 2015? 7.23 percent 7.45 percent 7.86 percent 8.07 percent How long does it take to collect receivables in 2015? (Use receivables from 2015.) 14 days 20 days 24 days 38 days Which of the following accounts are SOURCES of cash in 2015? Inventory Accounts receivable Retained earnings Accounts payable III only I and only III only II and IV only II, III and IV only

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