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Cranberry Company began 2019 with a Debt-To-Assets ratio of 0.49, a Return On Assets ratio of 0.07, and an Average Days in Inventory of 55

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Cranberry Company began 2019 with a Debt-To-Assets ratio of 0.49, a Return On Assets ratio of 0.07, and an Average Days in Inventory of 55 days. During 2019, the following events occurred: Jan 5th: Purchased cranberries worth $40,000 on account Jun 20th: Sold cranberries for a total of $100,000, receiving cash for all sales. The cost of said said cranberries was $60,000 Oct 1st: Prepaid rent for October and November, for a total of $20,000. Cranberry Company makes adjusting entries at the end of each month. After the following transactions, the.... ...Debt-To-Assets ratio [Select ] ...Asset Turnover ratio Increased ...Average Days in Inventory ratio [Select]

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