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i need assistance The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December 31,201. All accounts have normal balances.
i need assistance The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December 31,201. All accounts have normal balances. Accounts Receivable at December 31,200, was $57.550. Merchondise invemtory at December 31,200, was $56.600. Based on the account balances above, calculate the following: a. The gross profit percentage. b. Working capital. c. The current ratio d. The inventory turnover. e. The accounts receivable turnover. All sales were on credit. The gross profit percentage. Working capital. The current ratio. The inventory turnover. The accounts receivable turnover. All sales were on credit
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