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Please help! Please label questions and answers clearly with eachother!!! thank you!!!! Question 29 (3 points) USE THE DATA BELow TO ANSWER QUESTIONS 29, 30
Please help! Please label questions and answers clearly with eachother!!! thank you!!!!
Question 29 (3 points) USE THE DATA BELow TO ANSWER QUESTIONS 29, 30 AND 31 THE DATA wILL BE REPEATED FOR EACH oF THE QUESTIONS, BUT IT IS IDENTICAL FOR EACH. Given the financki data and ratios listed below for the Atlanta Company, determine what Atlanta Company recorded as Notes payable on its 2012 balance sheet. (Record your answer without a dollar sign, without commas, and if the answer is a negative number, use the minus sign followed by the number with no spaces between the minus sign and the number thus record $3,343 as 3343 or negative 18 as -18) Sales $10,000 Gross profit margin 40% 4 times Inventory turnover ratio 8% Net profit margin 45 days Average collection period 50% Return on equity (ROE) 20% Return on assets (ROA) $250 Cash 2.5 Current ratio 30 days Accounts payable daysStep by Step Solution
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