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Hello! Your help with this question would be much appreciated. Have a great day! Comparative Income Statements For Years Ended December 31, 2020 - 2023
Hello! Your help with this question would be much appreciated. Have a great day!
Comparative Income Statements For Years Ended December 31, 2020 - 2023 8 10 11 12 18 20 21 22 24 25 26 27 28 Enter your name here: Net sales Cost of goods sold Gross margin Operating expenses Net income Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity $246,000 130,000 116,000 55,000 $61,000 $220,000 153,000 67,000 31,000 $36,000 Comparative Balance Sheets For Years Ended December 31, 2020 - 2023 $48,000 69,000 110,000 $273,000 $39,000 154,000 $273,000 $29,000 62,000 38,000 100,000 $229,000 $46,000 70,000 93,000 $229,000 $191,000 116,000 75,000 35,000 $40,000 $8,000 53,000 41,000 80,000 $182,000 $35,000 70,000 57,000 $182,000 $135,000 102,000 33,000 16,000 $17,000 $24,000 38,000 26,000 $148,000 $31,000 80,000 20,000 17,000 $148,000 Required: Using the information compute the following ratios: Current rato Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Debt ratio Equity rato Debt-to-equity ratio Profit margin ratio Gross margin rato Return on total assets
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