Rapid River Inc., makes fine wooden kayak and canoe paddles that are well liked by...
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Rapid River Inc., makes fine wooden kayak and canoe paddles that are well liked by vendors and customers. However, the company is not viewed as well managed by lenders and investors. The board of directors wants to expand operations by purchasing a new building and equipment to expand production, replacing the old rented buildings and equipment, and expanding sales into new markets. Using the information provided in the exhibits to calculate the following rations for Year 2.
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