JKL Enterprises reports the following financial data: Cash: $80,000 Accounts payable: $50,000 Total equity: $300,000 Net income:
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JKL Enterprises reports the following financial data:
- Cash: $80,000
- Accounts payable: $50,000
- Total equity: $300,000
- Net income: $60,000
- Total revenues: $500,000
- Total expenses: $440,000
Calculate: a) Cash ratio b) Accounts receivable turnover c) Return on sales d) Operating cash flow ratio
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