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please solve all the steps. thank you! Harmony Corporation reported these figures: (Click the icon to view the balance sheet.) (Click the icon to view
please solve all the steps. thank you!
Harmony Corporation reported these figures: (Click the icon to view the balance sheet.) (Click the icon to view the income statement.) Harmony Corporation has 2,500,000 shares of common stock outstanding. Its stock has traded recently at $30.80 per share. You would like to gain a better understanding of Harmony Corporation's financial position. Assume all sales are on credit. Read the a. Inventory tumover Enter the formula on the first line, then calculate the inventory tumover on the next line. (Enter amounts in thousands as provided to you in the problem statement. Round your answer to one decimal place.) Calculate the following ratios for 2020 and interpret the results: a. Inventory turnover b. Days' sales in receivables c. Acid-test ratio d. Times-interest-earned e. Gross profit percentage f. Operating income percentage g. Return on stockholders' equity h. Earnings per share i. Price/earnings ratio Balance sheet Balance sheet Income statementStep by Step Solution
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