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Liberty University BUSI 320 Comprehensive Problem 1 complete solutions correct answers key
Use the following information to answer the questions below:
note: all sales are credit sales
Income Stmt info:
2013
2014
Sales
$ 1,000,000
$ 1,050,000
Balance Sheet info:
2013-12-31
2014-12-31
Compute each of the following ratios for 2013 and 2014 and
indicate whether each ratio was getting "better" or "worse" from 2013 to 2014
and was "good" or "bad" compared to the Industry Avg in 2014
(round all numbers to 2 digits past the decimal place)
*Assume a 360 day year
**Inventory Turnover can be computed 2 different ways. Use the formula listed in the text
(the one the text indicates many credit reporting agencies generally use)
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[Solved] BUSI 320 Comprehensive Problem 1 complete solutions correct answers key
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- Submitted On 04 Sep, 2015 02:19:58
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