Question: Please show work for steps 1-8 Account balances at the beginning of the company's fiscal year were: accounts receivable, $140,000; and inventory, $260,000. All sales

Please show work for steps 1-8

Please show work for steps 1-8 Account balances at the beginning of

Account balances at the beginning of the company's fiscal year were: accounts receivable, $140,000; and inventory, $260,000. All sales were on account. Required Compute financial ratios as follows: Gross margin percentage. Current ratio. Acid-test ratio. Average collection period. Average sale period. Debt-to-equity ratio. times interest earned. Book value per share

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