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Solve the following facts. (Round to the nearest hundredth.) A. Current ratio _______________ B. Acid test __________________ C. Average day's collection ___________ D. Asset turnover _____________ E. Profit margin on sales _____________ 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
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