Please show work. Thank you! $ 2,000,000 20% 25 4% 45 Sales Gross profit...
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Accounting
Please show work. Thank you!
$ 2,000,000 20% 25 4% 45 Sales Gross profit margir Inventory turnover ratio (Cost of goods sold/Inventory) Net profit margin Average collection period Return on equity Accumulated depreciation Return on assets Accounts payable days Notes payable Gross fixed assets Percent of sales on credit (remainder are cash sales) $75,000 12.5% 18 $18,000 $ 400,000 80% NOTE: Assume a 360 day year for all ratios, etc. 28. Cash- 29. Long-term debt 30. Total assets
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