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Win's Companies, a home improvement store chain, reported the following summarized figures: E:8: (Click the icon to view the income statement.) Win's has 50,000 common
Win's Companies, a home improvement store chain, reported the following summarized figures: E:8: (Click the icon to view the income statement.) Win's has 50,000 common shares outstanding during 2024. (Click the icon to view the balance sheets.) Read the requirements. Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Win's Companies for 2024. Compute the inventory turnover. (Round your answer to two decimal places,,X.XX.) The inventory turnover = times. Income Statement Win's Companies, a home improvement store chain, reported the following summarized figures: E:: (Click the icon to view the income statement) Win's has 50,000 common shares outstanding during 2024 (Click the icon to view the balance sheets.) Readitha rominomonts Balance Sheets Win's Companies, a home improvement store chain, reported the following summarized figures: Points: 0 of 4 E:: (Click the icon to view the income statement Win's has 50,000 common shares outstanding during 2024. (Click the icon to view the balance sheets.) Read the requirements. Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Win's Companies for 2024. Compute the inventory turnover. (Round your answer to two decimal places, XXX ) The inventory turnover = Requirements 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Win's Companies for 2024. 2. Compute days' sales in receivables during 2024. Round intermediate calculations to three decimal places. Assume all sales were on account. 3. What do these ratios say about Win's Companies' ability to sell inventory and collect receivables
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