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USE THE TABLE BELOW TO ANSWER QUESTIONS 26-30 WKS Corporation Selected Financial Data (Note: if a sub-account is not specifically mentioned, assume it is equal

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USE THE TABLE BELOW TO ANSWER QUESTIONS 26-30 WKS Corporation Selected Financial Data (Note: if a sub-account is not specifically mentioned, assume it is equal to 0) December 31, 2019 Current assets $150,000 Current portion of long-term debt 55,000 Inventories 50,000 Accounts payable 15,000 Notes payable 75,000 Accounts receivable 40,000 Net sales 900,000 Long-term debt 275,000 Wage, tax and other accruals 30,000 Cost of goods sold 675,000 Operating profit 310,000 DO DESDE DEL 26. WKS's current ratio is (Record your answer rounded to 2 decimal places) 27. WKS's quick ratio is (Record your answer rounded to 2 decimal places) 29 ni sgridare 28. WKS's average collection period (assuming 85% of net sales are on credit and there are 360 days per year) is (Record your answer as the number of days rounded to 1 decimal place) 29. WKS's gross profit margin is 30. WKS's inventory turnover ratio is (Record your answer rounded to 2 decimal places)

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