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Doors Inc. s condensed income statement and balance sheet for the years 2 0 2 2 and 2 0 2 1 follow. Accounts Receivable increased
Doors Inc.s condensed income statement and balance sheet for the years and follow.
Accounts Receivable increased percent from to
There were no new purchases of land, property, or equipment in
Accounts Payable decreased percent from to
No new shares of common stock were issued in
The company paid out cash dividends of $ in
The inventory turnover ratio for was times.
The asset turnover ratio in was times and in was times.
The earnings per share in was $ and in was $
The effective income tax rate in both years was percent.
Required:
Complete Doors Inc.s condensed Income Statement and Balance Sheet for years and
Analyze:
Assume that the management of Doors Inc. had been given a directive by the board of directors to improve the companys current ratio in Did the company improve its standing in this regard from the prior year?Complete this question by entering your answers in the tabs below.
Income Stmt Balance Sheet
Complete Doors Inc.s condensed Income Statement for years and Complete this question by entering your answers in the tabs below.
Complete Doors Inc.s condensed Balance Sheet for years and Amounts to be deducted should be
a minus sign.
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