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a) The accounts receivable turnover for 2019? b) The inventory for 2019? 3) The profit margin on sales for 2019? 4) The return on Ordinary
a) The accounts receivable turnover for 2019?
Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Taxes payable Bonds payable Share capital-preference, 10% $50 par Share capital $10 par Share premium-ordinary Retained earnings Net credit sales Cost of goods sold Operating expenses Net income December 31 2019 2018 $ 375,000 $ 250,000 400,000 300,000 650,000 550,000 2,000,000 1,625,000 275,000 200,000 50,000 25,000 350,000 350,000 500,000 500,000 600,000 450,000 400,000 1,000,000 3,200,000 2,100,000 725,000 375,000 shave 325,000 shares 875,000 RE Additional information: Depreciation included in cost of goods sold and operating expenses is $305,000. On May 1, 2015, 15,000 ordinary shares were issued. The preference share are cumulative. The preference dividends were not declared during 2019 b) The inventory for 2019?
3) The profit margin on sales for 2019?
4) The return on Ordinary share capital - equity for 2019?
5) At December 31, 2019, the acid-test ratio was?
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