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3. The following information is extracted from the accounts of Eastern Trucking: 31Dec201031Dec2011 Income Statement Balance Sheet Based on the information above, calculate ratios to

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3. The following information is extracted from the accounts of Eastern Trucking: 31Dec201031Dec2011 Income Statement Balance Sheet Based on the information above, calculate ratios to make intra-firm comparisons: a. Asset Turnover (Net Asset Turnover) b. Rate of Stock Turnover (Rate of Turnover of Stock) c. Receivable Days Ratio d. Discuss the financial efficiency of Eastern Trucking in 2010 and 2011. [This question addresses criteria 1.5 and 2.1]

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