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Expert Q&A Find solutions to your homework Find solutions to your homework Search Feed Image Question (2) 3. For ratio calculations (30 points) 2 points
Expert Q&A Find solutions to your homework Find solutions to your homework Search Feed Image Question (2) 3. For ratio calculations (30 points) 2 points each except were noted Higginbotham, INC Balance Sheet ($000) Assets Liabilities and Stockholders Equity Cash $ 1,500 Marketable Securities 2,500 Accounts Receivable 15,000 Inventory 33,000 Tot. Curr. Assets $52,000 Fixed Assets (net) 35,000 Total Assets $87,000 Accounts Payable $12,500 Write one sentence (in the Excel File) next to each ratio you calculated in Question 1 describing what that number means in words. (50 pts) For example, if you calculate the average collection period as 40, you should write something like on average, it takes 40 days for Freemont Corporation to collect its accounts receivable. Submit your modified Excel
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