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answer Additional information for 2022: 1. Net income was $34,100. 2. Sales on account were $383,000. Sales returns and allowances amounted to $27.900. 3. Cost
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Additional information for 2022: 1. Net income was $34,100. 2. Sales on account were $383,000. Sales returns and allowances amounted to $27.900. 3. Cost of goods sold was $224,200. Additional information for 2022 : 1. Net income was $34,100. 2. Sales on account were $383,000. Sales returns and allowances amounted to $27,900. 3. Cost of goods sold was $224,200. 4. Net cash provided by operating activities was $59,100. 5. Capital expenditures were $27,400, and cash dividends were $19,400. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal ploces, eg. 1.83 and all other answers to 1 decimal place, es. 1.8. Use 365 days for calculation.) eTextbook and Media Step by Step Solution
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