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1. Compute the following for years 2004 and 2005 (all sales are on account; long-term liabilities are owed to the companys bank; terms of sale
1. Compute the following for years 2004 and 2005 (all sales are on account; long-term liabilities are owed to the companys bank; terms of sale are net 30 days; use average values where applicable e.g. accounts receivable turnover and inventory turnover):
- Working Capital
- Current Ratio
- Acidtest ratio
- Accounts receivable turnover
- Collection period of receivables
- Inventory turnover
- Days to sell inventory
- Debtto-equity ratio
- Times interest earned
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