exactly, you may get none or partial credits. DO NOT contact the instructor. The manual review will take time

Question $36$

$4$ pts

Joe's Furniture Company's $2023$ annual financial staternents consist of the following stated in $$.1$ point per blank. $4$ points per question. The instructor will MANUALLY grade the answers. DO NOT contact the instructor.

$\backslash$table$[[$Income Statement $($$$),2023,2022],[$Net Sales,$200,940,154,799],[$Costs of Goods Sold,$55,000,49,721],[$Gross Margin,$145,940,105,078],[$Operating Expenses,$47,969,43,546],[$Net Income before taxes,$97,971,61,532],[$Taxes$,23,145,18,902],[$Net Income,$74,826,42,630],[$Balance Sheet $($S$)],[$Assets:$],[$Current Assets$],[$Cash & cash equivalents,$12,975,11,024],[$Inventories$,5,674,4,792],[$Accounts receivable,$12,274,10,478],[$Total Current Assets,$30,923,26,294],[$Non$-$current Assets,$127,765,132,098],[$Total Assets,$158,688,158,392],[$Liabilities & Equity$],[$Current Liabilities,$29,072,31,870],[$Long Term Liabilities,$34,061,98,604],[$Total Liabilities,$63,133,130,474],[$Total Shareholders' Equity,$95,555,27,918],[$Total Liabilities and Equity,$158,688,158,392]]$

Example of what you are supposed to write in the blanks:

Formula:

$A=\frac{B}{C}$

Plug in the numbers:

$A=\frac{200}{300}$

Answer from the calculator $($write exactly as shown on the calculator$)$: $0\mathrm{.}666666667$

Answer in correct units and rounding to $1$ digit after the decimal point: $66\mathrm{.}7\%$ lassuming the answer is supposed to be in $\%,$ some answers may be in $ or decirnal number$)$

What is the company's $2023$ inventory turnover rate:

Formula: $$

Plug in the numbers. $$

Answer from the calculator: $$

Answer in correct units and rounding to $1$ digit after the decimal point $$