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Given the following data answer the question. 1. Net income is $155,100. 2. Sales on account are $1,215,500. 3. Cost of goods sold is $973,400.
Given the following data answer the question.
1. Net income is $155,100. 2. Sales on account are $1,215,500. 3. Cost of goods sold is $973,400. Required: 1. Calculate the following risk ratios for 2024: 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio times times d. Acid-test ratio e. Debt to equity ratio % Required 1 Required 2 >
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