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Please complete the whole question or DO NOT ATTEMPT! Firm M has a margin of 12%, turnover of 1.2, sales of $960,000, and average stockholders'
Please complete the whole question or DO NOT ATTEMPT!
Firm M has a margin of 12%, turnover of 1.2, sales of $960,000, and average stockholders' equity of $450,000. Required: Calculate Firm M's average total assets, net income, return on investment (ROI), and return on equity (ROE). he following information was available for the year ended December 31,2013 : Required: a. Calculate the inventory turnover for 2013. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2013, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2013. (Round your answer to 1 decimal place.) d. Calculate the number of days' sales in accounts receivable for 2013, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.)Step by Step Solution
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