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Scully Corporation's comparative balance sheets are prevented below. Scully's 2008 income statement included net sales of $100,000, cost of goods sold of $60,000, and net
Scully Corporation's comparative balance sheets are prevented below. Scully's 2008 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000. Instructions Compute the following ratios for 2008. Current ratio. Acid-test ratio. Receivables turnover. Inventory turnover. Profit margin. Asset turnover. Return on assets. Return on common Stockholders' equity. Debt to total assets ratio
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