Question: Lendell Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $25,000. 2. Sales on account were $375,000. Sales

Lendell Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $25,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to $25,000. Additional information for 2022 : Compute the following ratios at December 31.2022. (Round current ratio to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e3. 1.8. Use 365 days for calculation)

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