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The condensed financial statements of Carla Vista Company for the years 2021 and 2022 are presented below. Compute the following ratios for 2022 and 2021.
The condensed financial statements of Carla Vista Company for the years 2021 and 2022 are presented below. Compute the following ratios for 2022 and 2021. Imventory on December 31, 2020, was $300. Assets on December 31, 2020, were $1,890. Stockholders' Equity - Common on December 31, 2020, was $970. (Round current ratio and inventory turnover to 2 decimal places, eg. 15.25. Round other answers to 1 decimal ploce, e.s. 15.2 or 15.2\%W
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