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1. Determine the missing values based on the provided information: Current Ratio = 4.8571429 Debt Ratio = 0.3306836248 Asset Turnover = 1.3879173291 Gross Profit Margin
1. Determine the missing values based on the provided information:
- Current Ratio = 4.8571429
- Debt Ratio = 0.3306836248
- Asset Turnover = 1.3879173291
- Gross Profit Margin = 64%
- Net Profit Margin = 20%
- Inventory Turnover = 6.5475 A/R Turnover = 10.9125
- Total Assets = $629,000
- Long-term Debt = $180,000
- Common Shares = $41,000
- Cash =
- A/R =
- Inventory =
- PP&E =
- A/P =
- R/E =
- Sales =
- COGS =
- SG&A =
- Net Income =
Assume that there are no other asset, liability or equity accounts besides the ones listed above. Also assume 5% interest rate on long-term debt and 20% tax rate to prepare a multi-step income statement, a statement of retained earnings and a classified balance sheet.
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