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Please help me solve these equations. Please show your work so that I can learn. Gross profit margin = 70% Inventory turnover ratio = 5

Please help me solve these equations. Please show your work so that I can learn.

Gross profit margin = 70% Inventory turnover ratio = 5 times Sales = $4,000 Net profit margin = 5% Average collection period = 45 days Return on equity = 50% Return on assets = 20% Cash = $75 Current ratio = 2.50 times Accounts payable days = 30 days

Note: Of total sales, 80 percent are on credit and the remainder are cash sales. Assume a 360-day year.

Cash __________ Notes payable __________
Accounts receivable __________ Accounts payable __________
Inventory __________ Long-term debt __________
Net fixed assets __________ Equity __________
Total assets __________ Total liab. & equity __________

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