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Please show work. Thank you 3) Based on the following information, answer the questions. 1. If the Account Receivables Turnover (Sales/AR) is 3, figure out
Please show work. Thank you
3) Based on the following information, answer the questions. 1. If the Account Receivables Turnover (Sales/AR) is 3, figure out Sales. Moreover, if the Total Asset Turnover (Sales/TA) is 0.9, figure out Total Asset (30points) 2. Using Total asset that you figure out in Question 1 above, calculate Net fixed assets and Total equity. (30points) 3. Using Sales that you figure out in Question 1 above, figure out Net income if the Profit margin (Net income/Sales) is 10%. If the Total Debt ratio (TD/TA) of 1/4, figure out Return on Equity (Net income/TE). (40points) Step by Step Solution
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