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Presented below is information for ACrsma Use the appropriate items listed above as a basis for determining: (a) Cost of goods available for sale. (b)
Presented below is information for ACrsma Use the appropriate items listed above as a basis for determining: (a) Cost of goods available for sale. (b) Prepare a multiple-step income statement. (c) Compute the gross \& net profit rate. Question 3 (4.5 marks) The following data are taken from the financial statements of Acme Services, Inc. as of the end of the year 2022 . The data are in alphabetical order. Additional information: The average common shares outstanding during the year was 80,000 . Instructions Compute the following: (a) Current ratio. (c) Earnings per share. (b) Working capital. (d) Debts to assets ratio
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