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Problem 3-21 (Algo) Turnover ratios [LO3-2] Jim Short's Company makes clothing for schools. Sales in 201 were $4,960,000. Assets were as follows: a. Compute the

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Problem 3-21 (Algo) Turnover ratios [LO3-2] Jim Short's Company makes clothing for schools. Sales in 201 were $4,960,000. Assets were as follows: a. Compute the following: Note: Round your answers to 2 decimal places. b. In 202, sales increased to $5,400,000 and the assets for that year were as follows: Compute the following: Note: Round your answers to 2 decimal places

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