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Ratio Analysis The following information was taken from Nash Inc.'s December 31st trial balances for this year and the previous year. Required: 1. Calculate the
Ratio Analysis The following information was taken from Nash Inc.'s December 31st trial balances for this year and the previous year. Required: 1. Calculate the net profit margin and accounts receivable turnover for the this year. Assume a 365 -day year. Round your answers to two decimal places. 2. How much profit does Nash make on each sales dollar? Round your answer to two decimal places. cents 3. How many days does the average receivable take, in a 365 year, to be paid (assuming all sales are on account)? Round your answer to nearest whole day. days
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