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24 REMCO DISTRIBUTORS INC. Income Statement REMCO DISTRIBUTORS INC. Income Statement Additional information for 2020: 1. Cash dividends of $45,000 were declared and paid. 2.
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REMCO DISTRIBUTORS INC. Income Statement REMCO DISTRIBUTORS INC. Income Statement Additional information for 2020: 1. Cash dividends of $45,000 were declared and paid. 2. Average number of common shares was 60,000 shares. 3. Market value of common shares on December 31 was $20 per share. 4. All sales and purchases are on account. Required: Using the financial statements and the additional information, calculate the fellowing ratica for 7020 is Accounts receivable collection days days Net profit margin % Inventory turnover times Days to sell inventory days Return on assets \% Dividend yield \%Step by Step Solution
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