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want my answer within 1 hr please Question #3 Packages Corp, had recorded sales turnover of around $40,000,000 in financial year 2019. Finance Manager have
want my answer within 1 hr please
Question #3 Packages Corp, had recorded sales turnover of around $40,000,000 in financial year 2019. Finance Manager have already conducted ratio analysis as detail below: Packages Corp. As of June 30, 2019 Margin of Gross Profit Margin of Operating Profit Margin of Net Profit Return on total Assets Total Asset turnover Receivable turnover in Days Payable turnover in Days 65% 25% 10% 20% 2 64 days 54 days Requirements: Calculate values of the following financial accounts: . Gross Profit . Cost of goods sold Operating Profits Operating expenses Total assets Shareholders' fund size Account Receivable Account Payable By using above information, you need to determine the values of various Income statement and Balance sheet accounts. (4 marks)Step by Step Solution
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