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Selected financial statement data for Marin Company are presented below. During 2020 , net sales were $961,000, and cost of goods sold was $813,230. (a)
Selected financial statement data for Marin Company are presented below. During 2020 , net sales were $961,000, and cost of goods sold was $813,230. (a) Compute the current ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Current ratio :1 eTextbook and Media Attempts: unlimited Compute the acid-test ratio at December 31,2020. (Round answer to 2 decimal places, e.g. 15.25.) Acid-test ratio :1 Compute the accounts receivable turnover at December 31,2020 . (Round answer to 0 decimal places, e.g. 15.) Accounts receivable turnover times Compute the inventory turnover at December 31,2020 . (Round answer to 0 decimal places, e.g. 15.) Inventory turnover times
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