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Use the data in the tables to calculate the ratios below. Be VERY CAREFUL to make sure you pay attention to the column headings (so

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Use the data in the tables to calculate the ratios below. Be VERY CAREFUL to make sure you pay attention to the column headings (so you do not accidentally use the "Beginning" number when you wanted to use the "Ending" or Average" number, etc.). List all responses as numbers (not percentages). Round all responses to 2 decimal places. "Beginning" is the dollar amount on January 1 of the year, "Ending" is the dollar amount on December 31 of the year, and "Average" is the average of the beginning and ending amount. The amounts listed for Inventory are already included in the amounts listed for Current Aceste in the tahle ahove The amounts listed for Inventory are already included in the amounts listed for Current Assets in the table above. List all responses as numbers (not percentages). Round all responses to 2 decimal places. = the Current Ratio = the Gross Margin Ratio (also called the Gross Profit Ratio) = the Inventory Turnover

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