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Please help me solve the 4 incorrect answers (in the red boxes) below with explanations. Thank you! The comparative statements of Pronghorn Interiors Ltd. are
Please help me solve the 4 incorrect answers (in the red boxes) below with explanations. Thank you!
The comparative statements of Pronghorn Interiors Ltd. are presented as follows: Additional information: 1. All sales were on account. 2. Weighted-average common shares in 2024 were 56,000 and in 2023 were 58,000 . - Your answer is partially correct. Calculate the following ratios for 2024 and 2023. (Round earnings per share, current ratio, acid-test ratio and asset turnover answers to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.5 or 1.5%. Use 365 days for calculation. Do not round intermediate calculations.)Step by Step Solution
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