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Flounder Corporation's comparative balance sheets are presented below. -112.5 FLOUNDER CORPORATION Balance Sheets December...

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Accounting

Flounder Corporation's comparative balance sheets are presented below.
-112.5
FLOUNDER CORPORATION
Balance Sheets
December 31
2022
2021
Cash
$12,000
$5.600
Accounts receivable
17,900
26,100
Inventory
12,700
9.700
Land
33,700
29,700
Building
75,700
75.700
Accumulated depreciation
(16,700)
(13,700)
Total
135,300
133,100
Accounts payable
19.000
32,800
Common stock ($5 par)
73,500
73,500
nes
42,800
26.800
Total
135,300
133.100
Flounder's 2022 income statement included net sales of $117,000, cost of goods sold of $77.000, and net income of $28,500.
Compute the following ratios for 2022.(Round Debt to total assets ratio to 1 decimal place, eg 18 and all percentage and days answers to 0 decimal places, e g 18 or 25% and all other answers to 2 decimal places, e g.1.83: Use 365 days for calculation.)
(3) Currentratio
(b) Accounts receivables turnover
Average collection period
days
(c)
Inventory turnover
Days in inventory
days
(d)
Profit margin
%

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