Bella Company has the following comparative balance sheet data. Additional information for 2013:1. Net income was $25,000.2.

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Bella Company has the following comparative balance sheet data.

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Additional information for 2013:1. Net income was $25,000.2. Sales on account were $410,000. Sales returns and allowances were $20,000.3. Cost of goods sold was $198,000.InstructionsCompute the following ratios at December 31, 2013.(a) Current.(b) Acid-test.(c) Receivables turnover.(d) Inventoryturnover.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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