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Use the attached financial information of Precision Tool to calculate the following ratios and show your work: 1) How many days on average does it
Use the attached financial information of Precision Tool to calculate the following ratios and show your work:
1) How many days on average does it take Precision Tool to sell its inventory? (Use 2012 values)
2) How many dollars of sales are being generated from every dollar of net fixed assets? (Use 2012 values.)
3) What is the equity multiplier for 2012?
4) What is the return on equity for 2012?
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