QUESTION 39 Shannon Co. reported the following ratios for the most recent two year period...
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QUESTION 39 Shannon Co. reported the following ratios for the most recent two year period Acid Test Current Ratio Gross Profit Profit Margin nventory Turnover 2016 2015 10575 2. 13 1.95 45% 50% 4% 5% 9.0 48 Days Sales Uncollected 55 According to the ratios given, Shannon's profitability: Improved Was unchanged O Deteriorated O Cannot be determined with the given ratios
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