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Use the following selected financial information for Cooler Company to answer the remaining test questions: Net sales 2,870 Cost of goods sold 1,985 Gross profit

Use the following selected financial information for Cooler Company to answer

the remaining test questions:

Net sales

2,870

Cost of goods sold

1,985

Gross profit

885

Operating expenses

620

Operating profit

265

Interest expense

40

Earnings before taxes

225

Income tax expense

80

Net profit

145

Accounts receivable

70

Inventory

150

Total current assets

260

Total assets

860

Accounts payable

85

Total current liabilities

130

Long-term debt

240

Total liabilities

370

Total stockholders' equity

490

Total liabilities and equity

860

Calculate the average collection period.

Calculate inventory turnover.

Calculate the debt ratio.

Calculate the operating profit margin.

Calculate retun on equity

Calculate total asset turnover.

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