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Number 10 needs to be solved! With explaining 6 Financial statements for Askew Industries for 2018 are shown below (in $000's) 2018 Income Statesent 2
Number 10 needs to be solved! With explaining
6 Financial statements for Askew Industries for 2018 are shown below (in $000's) 2018 Income Statesent 2 points Sales Cost of goods sold Gross profit Operating expenses 8,800 (6,150) 2,650 (1,850) (140) $ 396 Dec. 31 2018 2017 $ 540 540 340 Inventory and 1.400 3,220 $2,820 Liabilities and Shareholders Equity Current liabilities Bonds payable Paid-in capital 740 490 ,100 1,100 540 690 $3,220 $2,820 540 Required: Calculate the following ratios for 2018. (Consider 365 days a year Do not round intermediate calculations and round you answers to 2 decimal places.) Step by Step Solution
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