Financial statement information is presented below: Sales revenue 150,000 Cost of...
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Accounting
Financial statement information is presented below:
| Sales revenue 150,000 Cost of goods sold 91,000 Net income 8,000 Beginning accounts receivable 17,000 Ending accounts receivable 13,000 Beginning inventory 19,600 Ending inventory 16,800 |
|
1. Compute the gross profit ratio.
2. Compute the net profit margin.
3. Compute the days in inventory.
4. Compute the collection period (in days).
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