Question: Also looking for expert if interested please send contact information The 2024 income statement of Anderson Medical Supply Company reported net sales of $10 million,

Also looking for expert if interested please send contact information

Also looking for expert if interested please send
The 2024 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $6.0 million, and net income of $860,000. The following table shows the company's comparative balance sheets for 2024 and 2023: ($ in thousands) 2024 2023 Assets Cash $ 540 $ 620 Accounts receivable 940 620 Inventory 1, 500 910 Property, plant, and equipment (net) 3 ,600 3, 320 Total assets $ 6,580 $ 5, 470 Liabilities and shareholders' equity Current liabilities $ 1, 200 $ 1, 070 Bonds payable 1, 800 1,800 Common stock 2, 200 2,200 Retained earnings 1, 380 400 Total liabilities and shareholders' equity $ 6,580 $ 5, 470 Required: 1. Calculate Anderson's turnover ratios for 2024. Note: Use 365 days a year. Round your answers to 2 decimal places. X Answer is complete but not entirely correct. Inventory turnover ratio 4.98 times Receivables turnover ratio 11.53 X times Average collection period 31.64 X days Asset turnover ratio 1.66 times

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