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please help!! 4-10: Using the information below, fill in the gaps in the financial statement date for the Stapler Corporation: Total assets turnover: 1.5 Days
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4-10: Using the information below, fill in the gaps in the financial statement date for the Stapler Corporation: Total assets turnover: 1.5 Days sales outstanding: 36.5 days Coleulation is based on a 365-day year. Inventory turnover ratio: 5 Fixed asset turnover 3.0 II Current ratio: 2.0 Gross profit margin: = Gross profit / Sales = (Sales - COGS) / Sales = 25% $60,000 Cash Accounts receivable Inventory Fixed assets Total Assets Sales Accounts payable Long-term debt Common stock Retained earnings Total L&E Cost of goods sold $97,500 $300,000Step by Step Solution
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