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The 2016 income statement of Anderson Medical Supply reported net sales of $9 Million. Cost of good sold is 5.2 Million and net income of
The 2016 income statement of Anderson Medical Supply reported net sales of $9 Million. Cost of good sold is 5.2 Million and net income of 820.000 ($ in 9005) 2018 2017 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) $ 380 460 540 900 780 1,100 2,800 2,520 5,060 4,420 Total assets Liabilities and shareholders' equity Current liabilities Bonds payable Paid-in capital Retained earnings 1,040 910 1,400 1,400 1,400 1,400 1,220 71e $5,060 4,420 Total liabilities and shareholders' equity Required: 1. Calculate Anderson's turnover ratios for 2018. (Consider 365 days a year. Round your an Inventory turnover ratio Receivables turnover ratio Average collection period Asset turnover ratio times times days times
The 2016 income statement of Anderson Medical Supply reported net sales of $9 Million. Cost of good sold is 5.2 Million and net income of 820.000
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