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Here are simplified financial statements for Phone Corporation in a recent year: Calculate the following financial ratios for Phone Corporation: (Use 365 days in a
Here are simplified financial statements for Phone Corporation in a recent year: Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.) e. Inventory turnover (use start-of-year balance sheet figures) f. Average collection period (use start-of-year balance sheet figures) g. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures)
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