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Refer to the balance sheets and income statements on pp. 2 and 3 below. For each year, calculate the following financial ratios: current ratio, quick

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Refer to the balance sheets and income statements on pp. 2 and 3 below. For each year, calculate the following financial ratios: current ratio, quick ratio, inventory turnover, total asset turnover, debt ratio, net profit margin. NOTE that the formulas for these ratios are given below. Strong Foods Company End-of-Year Balance Sheets ( $ millions ) 4 Long-Term Debt 5 Other Liabilities 6 Preferred Stock 77 none outhorized; none issued End-of-Year Income Statements (\$millions)

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