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Please answer 6-9 6. If Year 1 sales equal $750, Year 2 sales equal $840, and Year 3 sales equal $900, the percentage to be
Please answer 6-9
6. If Year 1 sales equal $750, Year 2 sales equal $840, and Year 3 sales equal $900, the percentage to be assigned for Year 3 in a trend analysis, assuming that Year 1 is the base year, is a 120% b. 112% c. 83%. d. 107% Which one of the following is not a characteristic generally evaluated in ratio analysis? a. Liquidity b. Profitability C. Marketability d. Solvency 8 . Bill's Dollar Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,400,000. The accounts receivable turnover was a. 7.6 times b. 8.4 times. C. 8.0 times. d. 4.0 times Junebag Corporation reported net income $24,000; net sales $400,000; and average assets $600,000 for 2022. What is the 2022 profit margin? a. 6% b. 4% C. 40% d. 67%Step by Step Solution
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