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What is the answer? Thank you Exercise 12-7B Calculate risk ratios (LO12-3) The balance sheets for Company B and additional information are provided below. Additional

What is the answer? Thank you

Exercise 12-7B Calculate risk ratios (LO12-3) The balance sheets for Company B and additional information are provided below. Additional information for Year 2: 1. Net income is $71,600. 2. Sales on account are $1,557,000. 3. Cost of goods sold is $1,185,900. Required: 1. Calculate the following risk ratios for Year 2: (Round your answers to 1 decimal place.) Answer is complete but not entirely correct

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