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Use the financial data shown below to calculate the following ratios for 2020: a. Current ratio. b. Quick ratio. c. Accounts receivable turnover. e. Inventory

Use the financial data shown below to calculate the following ratios for 2020: a. Current ratio. b. Quick ratio. c. Accounts receivable turnover. e. Inventory turnover. f. Days' sales in inventory. g. Gross profit margin h. Net profit margin i. Return on investment assets Balance sheet balances 12 31 2020 12 31 2019 Cash $ 23.550 $ 16.230 Accounts receivable 32.780 28.600 Inventory 29.500 18.900 Equipment 118.700 93.450 Total Assets 204.530 157.180 Accounts payable 34.700 30.900 Taxes payable 5.700 4.950 Long-term notes payable 53.760 67.400 Income statement amounts Revenue (credit only) Cost of Goods Sold Operating Expenses Pre-tax income Net income 299.000 195.500 67.620 35.880 25.116 Net Sales

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