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4. Second Chance is a paperback book exchange. For each book trade, the buyer pays a $1 trade fee. Books that re-sold and were not

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4. Second Chance is a paperback book exchange. For each book trade, the buyer pays a $1 trade fee. Books that re-sold and were not traded cost half of their original purchase price. The store has total assets of $126,000 and current assets of $40,200. Its net sales in 2005 equaled $35,000 and its net profit after taxes was $9,000. Calculate the store's net profit percentage. A. 7.1% B. 21.7% C. 22.4% D. 25.7% E. 27.7% 5. The Round Robin offers upscale children's furniture from newborn through grade school. The shop has total assets of $350,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, and end-of-the-year inventory valued at $23,000. What is the retailer's inventory turnover? A. 6.6 percent B. 8.2 percent C. 31.09 percent D. 32.9 percent E. cannot be determined from information given 6. A store that sells books, magazines and newspapers has an average inventory of $15,000 at cost. Its cost of goods for last year was $62,000, and its net profit was $9,000. Calculate the retailer's inventory turnover. A. 1.67 B. 2.14 C. 6.89 D. 4.13 E. 14.5

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