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From the Information Presented in Table 3, Calculate the Following

Question 108

Essay

From the information presented in Table 3, calculate the following financial ratios for the Dooley Sportswear Company.
current ratio operating profit margin
acid test ratio net profit margin
average collection period total tangible asset turnover
inventory turnover times interest earned
gross profit margin

Correct Answer:

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Current ratio = ($180,000 + $95,000 + $2...

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