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Given the Following Find the Following (Round to the Nearest Hundredth If Needed)

Question 85

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Given the following:
 Current Assets $18,000 Accounts Receivable $3,000 Current Liabilities $16,000 Inventory $2,000 Net Sales $41,000 Total Assets $29,000 Net Income $6,000\begin{array} { | l | l | } \hline \text { Current Assets } & \$ 18,000 \\\hline \text { Accounts Receivable } & \$ 3,000 \\\hline \text { Current Liabilities } & \$ 16,000 \\\hline \text { Inventory } & \$ 2,000 \\\hline \text { Net Sales } & \$ 41,000 \\\hline \text { Total Assets } & \$ 29,000 \\\hline \text { Net Income } & \$ 6,000 \\\hline\end{array} Find the following (round to the nearest hundredth if needed): A. Current ratio; B. Acid test; C. Average day's collection; D. Asset turnover; E. Profit margin on sales.

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A. 1.13; B...

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