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From the Balance Sheet and Income Statement Information below, calculate the following ratios: Return on Sales Current Ratio Inventory Turnover - If there are no

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From the Balance Sheet and Income Statement Information below, calculate the following ratios: Return on Sales Current Ratio Inventory Turnover - If there are no beginning inventory or ending inventory figures, then use the Merchandise Inventory figure. XYZ INC. Income Statement Year Ended December 31, 2018 Net Sales Revenue $23,680 8,375 15,305 7,925 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Taxes Income Tax Expense 7.380 255 7,125 2.740 Net Income $4,385 XYZ INC. Balance Sheet December 31, 2018 Assets Current Assets Cash $2,094 1,611 1,060 2,120 Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Long-Term Assets Total Assets 6,885 15,737 $22,622 Liabilities $8,467 Current Liabilities Long-Term Liabilities Total Liabilities 3,792 12,259 Stockholders' Equity 4,363 Common Stock Retained Earnings Total Crochoirlare Cauts 6,000 AR 10,363 $22,622 Total Stockholders' Equity Total Liabilities & Stockholders' Equity NOTES: 1- Round up 2. Your responses should be in the following formats a. XX9 b. x.xx C. X.XX

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