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asaini1254 asaini1254
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A month ago

Given the following:

Current Assets$ 18,000
Accounts Receivable$ 3,000
Current Liabilities$ 16,000
Inventory$ 2,000
Net Sales$ 41,000
Total Assets$ 29,000
Net Income$ 6,000

Find the following

Note: round to the nearest hundredth if needed:

  1. Current ratio;
  2. Acid test;
  3. Average day's collection;
  4. Asset turnover;
  5. Profit margin on sales.
Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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amandashimkusamandashimkus
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A month ago
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Brilliant
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This helped my grade so much Perfect
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