Question: Problem 10: Ratio analysis: Missoula Inc. reported the following selected financial statement data: Required: From the above information, compute: 1. Receivables turnover ratio 2. Inventory

Problem 10: Ratio analysis: Missoula Inc. reported the following selected financial

Problem 10: Ratio analysis: Missoula Inc. reported the following selected financial statement data: Required: From the above information, compute: 1. Receivables turnover ratio 2. Inventory turnover ratio 3. Average collection period (rounded to one decimal place) 4. The average days in inventory 5. The return on assets 6. Return on shareholders' equity

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