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46) The balance sheet at December 31,2023 for Zumba Company follows: Additional information follows: 1. Net income for the year ended December 31,2023 is $2,020.

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46) The balance sheet at December 31,2023 for Zumba Company follows: Additional information follows: 1. Net income for the year ended December 31,2023 is $2,020. 2. Cost of goods sold for the year ended December 31,2023 is $4,400. 3. Inventory on January 1,2023 is $1,800. 4. Accounts Receivable, net on January 1,2023 are $4,400. 5. Total assets on January 1,2023 are $20,000. 6. Net credit sales for the year ended December 31,2023 are $14,600. 7. Net income before interest and taxes for the year ended December 31,2023 is $4,800. 8. Interest expense for the year ended December 31,2023 is $550. 9. Total stockholders' equity on January 1,2023 is $3,500. Compute the following ratios: 1. Current ratio 2. Quick ratio 3. Accounts receivable turnover 4. Days' inventory outstanding 5. Times interest earned 6. Return on assets 7. Return on equity

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