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Bismarck Corporation's comparative balance sheets are presented below. Bismark's income statement for year ending December 2020 included sales/revenue of $100,000, cost of goods sold of

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Bismarck Corporation's comparative balance sheets are presented below. Bismark's income statement for year ending December 2020 included sales/revenue of $100,000, cost of goods sold of $60,000, and net profit/income of $20,000. Instructions Compute the following ratios for 2021. a) Current ratio. b) Quick ratio. c) Accounts receivables turnover and average collection period. d) Inventory turnover and days in inventory. e) Profit margin. f) Asset turnover. g) Return on assets. h) Return on equity. i) Debt to equity ratio

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