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An incomplete income statement and an incomplete comparative balance sheet of Deines Corporation are presented below. Additional information: 1. The accounts receivable turnover for 2017
An incomplete income statement and an incomplete comparative balance sheet of Deines Corporation are presented below.
Additional information:
1.The accounts receivable turnover for 2017 is10 times.
2.All sales are on account.
3.The profit margin for 2017 is14.5%.
4.Return on assets is22% for 2017.
5.The current ratio on December 31, 2017, is3.0.
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