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Additional information: Net income was exist25,000 Sales on account were exist420,000. Sales returns and allowances amounted to exist20,000. Cost of goods sold was exist198,000 Net

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Additional information: Net income was exist25,000 Sales on account were exist420,000. Sales returns and allowances amounted to exist20,000. Cost of goods sold was exist198,000 Net cash provided by operating activities was exist44,000 Instructions: Compute the following ratios at December 31, 2016. Current Acid: text Receivables turnover Average collection period Inventory turnover Days in inventory Debt to equity ratio

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