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Hi I need help answering the following questions ap/index.html?_con=con&external_browser=0&launchUrl=h Rowdy's Restaurants cash flow ($ in millions) 3:04 Cash received from: Customers Interest on investments Sale
Hi I need help answering the following questions
ap/index.html?_con=con&external_browser=0&launchUrl=h Rowdy's Restaurants cash flow ($ in millions) 3:04 Cash received from: Customers Interest on investments Sale of land Sale of Rowdy's common stock Issuance of debt securities $1,950 210 110 620 2,199 Cash paid for: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses $ 310 90 1,600 4,200 1,100 230 520 Rowdy's would report net cash inflows (outflows) from investing activities in the amount of Multiple Choice $14.090) million $11.990) million $14.200 million Stomor The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended 12/31/2023 Net sales 58,819 Cost of goods sold 4,832 Selling and administrative expense 1,979 Interest expense 486 Income before taxes 71% Net income 528 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/01/2021 $ 1,045 1.680 1,125 13 Ee $16,820 12/31/2020 5 71 734 589 3,914 55,303 Total current liabilities Long-term debt Total liabilities Total stockholders' equity $ 5,817 5661 $11,478 $ 5,342 $2,2 21293 34,570 5 Required: Compute the inventory turnover ratio for 2021. (Round your answer to 1 decimal place) Inventory for over ratio Step by Step Solution
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