Question
Donald Duck, Inc.s 2024 inventory turnover ratio was 5.6 and its receivables turnover ratio for the year was 6.8. The company reported accounts receivable for
Donald Duck, Inc.s 2024 inventory turnover ratio was 5.6 and its receivables turnover ratio for the year was 6.8. The company reported accounts receivable for 2024 in the amount of $90,000 and $80,000 for 2023. Expenses for the year totaled $380,000. What is Donald Ducks profit margin for the year?
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Secretarial Audits Under Corporate Laws And Annual Return Certification
Authors: CS Shilpa Dixit And CS Amogh Diwan CS Milind Kasodekar
1st Edition
9389449324, 978-9389449327
