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Selected balances from a companys financial statements are

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Selected balances from a company's financial statements are shown below. Calculate the following

(a) accounts receivable turnover

(b) inventory turnover

(c) days' sales uncollected

(d) days' sales in inventory

(e) profit margin.

(f) return on total assets.

Accounts Receivable ....................... 27,000 $24,000

Merchandise inventory..................... 25,000 20,000

Total Assets.................................. 296,000 244,000

Accounts Payable........................... 26,000 32,000

Salaries Payable............................. 3,000 4,400

Sales (all on credit)........................... $312,000

Cost of goods sold........................... 165,600

Salaries expense............................. 48,000

Other expenses.............................. 75,000

Net Income................................... 24,000"

Reference no: EM13371782

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