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Cordillera Carson Company has the following Balance Sheet and Income Statement for 20x2 (in thousands): Notes: (i) current period's depreciation is $480; (ii) ending inventory
Cordillera Carson Company has the following Balance Sheet and Income Statement for 20x2 (in thousands):
Notes: (i) current period's depreciation is $480; (ii) ending inventory for 20X1 was $1,800. On the basis of this information, compute (a) the current ratio, (b) the acid-test ratio, (c) the average collection period, (d) the inventory turnover ratio, (e) the debt-to-net-worth ratio, (f) the long-term debt-to-total-capitalization ratio, (g) the gross profit margin, (h) the net profit margin, and (i) the return on equityStep by Step Solution
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