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Swiss Clothing Store had a balance in the Accounts Receivable account of 920,000 at the beginning of the year and a balance of 980,000 at

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Swiss Clothing Store had a balance in the Accounts Receivable account of 920,000 at the beginning of the year and a balance of 980,000 at the end of the year. Net credit sales during the year amounted to 5,700,000. The average collection period of the receivables in terms of days was around: a. 55 days. b. 52 days. C 60 days. d. 50 days. University Bookshop had a net income in 2018 of Dhs 100,000. Given the following financial ratios from the annual report: Profit margin = 12%, Return on assets = 20%, and debt ratio = 60%. The equity balance at the end of the financial period is: a. Dhs 450,000 b. Dhs 180,000 c. Dhs 90,000 d. None of the above. University Bookshop had a net income in 2018 of Dhs 90,000. The annual profit margin = 10% and the return on assets = 20%. The total amount of assets at the end of the year is: a. Dhs 450,000 b. Dhs 90,000 C. Dhs 180,000 d. None of the above. Fess Hardware Store had net credit sales of 8,400,000 and cost of goods sold of 5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were 640,000 and 760,000, respectively. The accounts receivable turnover was a. 7.4 times b. 12.0 times. C. 11.2 times. d. 12.5 times. University Bookshop had a net income in 2018 of Dhs 90,000. Given the following financial ratios from the annual report: Profit margin = 12% and Return on assets = 20%. The amount of sales is: a. Dhs 250,000 b. Dhs 108,000 C. Dhs 750,000 d. None of the above

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