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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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