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For each of the following ratios, indicate with an X if a higher result is considered good. Current ratio Accounts receivable turnover Return on assets

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For each of the following ratios, indicate with an "X" if a higher result is considered "good". Current ratio Accounts receivable turnover Return on assets Book value per common share Debt/equity ratio Earnings per common share Return on sales Days' sales in inventory Question HC Assume Triton Publishing completed the following transactions for one subscriber during 2020 Oct. 1 Sold a six-month subscription, collecting cash of $190 plus PST of 8 percent and GST of 5 percent Nov. 15 Remitted (paid) the PST to the Province of Manitoba and the GST to the Receiver General Dec. 31 Made the necessary adjustment at year end to record the amount of subscription revenue earned during the year, Required 1. Using the account title Unearned Subscription Revenue, journalize the transactions above 2. Post the entries to the Uneamed Subscription Revenue T-account. How much does Triton Publishing owe the subscriber at December 31, 2020? 3. How would the entries in Requirement 1 be different il Triton Publishing were in a different province that uses a 12 percent HST rate? Record the entries

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