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The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Required Compute the following ratios for the
The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Required Compute the following ratios for the companles' 2018 fiscal years (years ending In January 2018): (Use 365 days in a year. Do not round intermedlate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.) Required Compute the following ratios for the companies' 2018 fiscal years (years ending in January 2018): (Use 365 days in a year. Do not round intermedlate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.)
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