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Account balances at the beginning of the year were: accounts receivable, $180,000; and inventory, $310,000. All sales were on account. The financial etatemente far Cactile
Account balances at the beginning of the year were: accounts receivable, $180,000; and inventory, $310,000. All sales were on account.
The financial etatemente far Cactile Produrte Incornnratert are riven holol 1. Working capital. 2. Current ratio. (Round your answer to 1 decimal place.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 4. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 5. Times interest earned ratio. (Round your answer to 2 decimal places.) 6. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 7. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 8. Operating cycle. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.)Step by Step Solution
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