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The condensed financial information given below was taken from the annual financial statements of Weber Inc.: 2015 2016 2017 Current assets (including inventory). $720,000 $780,000
The condensed financial information given below was taken from the annual financial statements of Weber Inc.: 2015 2016 2017 Current assets (including inventory). $720,000 $780,000 $860,000 Current liabilities 470,000 400,000 490,000 Cash sales 2,340,000 2,400,000 2,380,000 Credit sales 770,000 700,000 670,000 Cost of goods sold 1,715,000 1,725,000 1,680,000 Inventory (ending). 460,000 360,000 460,000 Accounts net receivable 182,000 180,000 180,000 Total assets (net). 3,000,000 3,000,000 4,200,000 Net daily cash provided by operating activities 6,700 6,500 5,300 All current assets except inventory are monetary assets. Based on the above data, calculate the following ratios for 2016 and 2017. Please make sure your final answer(s) are accurate to 2 decimal places 2016 2017 times Ratio Asset turnover Accounts receivable turnover Days' sales uncollected Inventory turnover times days times times times days times
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