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a. Calculate the inventory turnover ratio for GHI Corporation given: Cost of Goods Sold: $600,000 Average Inventory: $100,000 b. Determine the accounts receivable turnover ratio
a. Calculate the inventory turnover ratio for GHI Corporation given:
- Cost of Goods Sold: $600,000
- Average Inventory: $100,000 b. Determine the accounts receivable turnover ratio for GHI Corporation with the provided details:
- Credit Sales: $800,000
- Average Accounts Receivable: $150,000 c. Calculate the return on assets (ROA) for GHI Corporation based on the following information:
- Net Income: $200,000
- Average Total Assets: $2,000,000
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