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Given Information: Below are the 2024 income statement and comparative balance sheets: Using the above information, calculate the following FIVE ratios: - Inventory Turnover Ratio

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Given Information: Below are the 2024 income statement and comparative balance sheets: Using the above information, calculate the following FIVE ratios: - Inventory Turnover Ratio - Profit margin on sales - Return on assets - Receivables turnover ratio - Asset turnover ratio State the ratio. Calculate and provide the results in the correct format. Bonus points: 1 bonus point if you can explain what each ratio results mean for the company. Up to 5 bonus points can be earned. NOTE: Bonus points cannot be earned unless all of the above components are complete for each ratio

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