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Problem 4-167 The following information is provided in the 2018 annual report to shareholders of The BizStore: Required: Compute the missing amount in the BizStore
Problem 4-167 The following information is provided in the 2018 annual report to shareholders of The BizStore: Required: Compute the missing amount in the BizStore financial statement information. (Round your intermediate calculations and final answers to the nearest whole number. Round ratios and "Percentage" values to 1 decimal place.)
Problem 4-167
The following information is provided in the 2018 annual report to shareholders of The BizStore:
December 31, 2018 December 31, 2017 $ 15 million $ 29 million $ $ 34 million 259 million $ 139 million $ 124 million 102 Accounts receivable Inventory Total assets Total stockholders' equity Net sales Cost of goods sold Net income Average collection period Average days in inventory Equity multiplier Return on stockholders' equity Profit margin on sales ROA $ 23 31.2 days 113.0 days 1.8 10.0 % 18.3 % %
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