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what are the formulas that i need to type in to solve all of the yellow? The company began operations in 2023. Its comparative income
what are the formulas that i need to type in to solve all of the yellow?
The company began operations in 2023. Its comparative income statements and balance sheets follow. Use a formula to colculate the ratios below. The AVERAGE formula must be used in any ratios using average accounts recelvable, average inventory or average total assets. Comparative Balance Sheets For Years Ended December 31, 2026-2023 \begin{tabular}{lrrrr} & \multicolumn{3}{rrr}{2023} \\ \hline Cash & 2026 & 2025 & 2024 & 2023 \\ Accounts receivable, net & $154,000 & $113,000 & $116,000 & $108,000 \\ Merchandise inventory & 57,000 & 50,000 & 44,000 & 31,000 \\ Plant assets, net & 19,000 & 47,000 & 14,000 & 34,000 \\ Total assets & 160,000 & 150,000 & 130,000 & 120,000 \\ & $390,000 & $360,000 & $304,000 & $293,000 \\ \cline { 2 - 5 } & & & & \\ Current labilities & $36,000 & $31,000 & $27,000 & $23,000 \\ Long-term liabilities & 160,000 & 180,000 & 170,000 & 200,000 \\ Common stock & 50,000 & 50,000 & 50,000 & 50,000 \\ Retained earnings & 144,000 & 99,000 & 57,000 & 20,000 \\ Total liabilities and equity & $390,000 & $360,000 & $304,000 & $293,000 \\ \hline \end{tabular} Step by Step Solution
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