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Please assist me Required Calculate the following ratios for 2013 1Inventory turnover ratio 2Average days in inventory 3Receivables turnover ratio 4Profit margin on sales 5

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Calculate the following ratios for 2013

1Inventory turnover ratio

2Average days in inventory

3Receivables turnover ratio

4Profit margin on sales

5Concisely comment on the above as to the business performance and/or risk

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Financial Statements for Al Industries for 2013 shown below: 2013 Income statement $ in thousands Sales 9,000 Cost of Goods Sold (6,300) Gross Profit 2,700 Operating expenses (2,000) Interest expense (200) Tax expense (200) Net Income 1300 Conparative B alane Sheets December 31 2013 2012 Assets Cash 600 500 Accounts Receivable 600 400 Inventory 800 600 Propetty Pland and E 2000 2100 4000 3600 Liabilities and Shareholders Equty Current liabilities 1100 850 Bonds Payable 1400 1400 Paid in Capital 600 600 Retained Earnings 900 750 4000 3600

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