The following information is available for Porter Company for its fiscal year ending January 31,2013:
$\begin{array}{llcc}
\text {Net Sales} &\$ 745,400 \
\text {Cost of Goods Sold } &614,320\
\text {Inventory, 1/31/2012} & 80,690 \
\text {Inventory, 1 / 31 / 2013} &81,440\
\end{array}$
Compute the following financial ratios for Porter Company:

Question

The following information is available for Porter Company for its fiscal year ending January 31,2013:
 $\begin{array}{llcc}
  \text {Net Sales} &\$ 745,400 \
 \text {Cost of Goods Sold } &614,320\
  \text {Inventory, 1/31/2012} & 80,690 \
 \text {Inventory, 1 / 31 / 2013} &81,440\
\end{array}$
 Compute the following financial ratios for Porter Company:

Quizplus · Accepted Answer

The Answer of The following information is available for Porter Company for its fiscal year ending January 31,2013:
 $\begin{array}{llcc}
  \text {Net Sales} &\$ 745,400 \
 \text {Cost of Goods Sold } &614,320\
  \text {Inventory, 1/31/2012} & 80,690 \
 \text {Inventory, 1 / 31 / 2013} &81,440\
\end{array}$
 Compute the following financial ratios for Porter Company:

The Following Information Is Available for Porter Company for Its