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(Activity ratios) The following financial information is for Ambroise Industries Inc.: 2020 2019 Sales $5,403,000 $4,299,000 Cost of goods sold 2,269,260 1,805,580 Accounts receivable

(Activity ratios) The following financial information is for Ambroise Industries Inc.: 2020 2019 Sales $5,403,000 $4,299,000 Cost of goods sold 2,269,260 1,805,580 Accounts receivable 567,390 526,210 Inventory 755,200 764,370 Accounts payable 190,250 197,370 Total assets 2,057,030 1,724,160

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