The following information comes from Daveco's 20X1 and 20X2 Financial Statements Sales $ 1,000 Cost of...
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The following information comes from Daveco's 20X1 and 20X2 Financial Statements Sales $ 1,000 Cost of Goods 350 Sold Gross Profit 650 Operating 200 Expenses Operating Income 450 Interest Expense 25 Net Income $ 425 20X2 20X1 Cash $ 20 $ 15 Accounts 30 25 Receivable (net) Inventory 40 30 Total Current 90 70 Assets Fixed Assets (net) 105 95 Total Assets 195 165 Current Liabilities Noncurrent Liabilities Total Liabilities 25 75 228 100 70 90 2 2 2 20 Common Stock 50 50 Retained Earnings 45 25 Total Equity 95 75 Total Liabilities and Equity $ 195 $ 165 Current Liabilities 25 20 Noncurrent 75 70 Liabilities Total Liabilities 100 90 Common Stock 50 50 Retained Earnings 45 25 Total Equity 95 75 Total Liabilities and $ 195 $ 165 Equity Please calculate the following ratios, rounding to one decimal place. Please note that these numbers may differ from prior questions. What is Daveco's Accounts Receivable Turnover for 20X2? Please round to one A What is Daveco's decimal place Inventory Turnover for 20X2? Please round to one decimal place What is Daveco's Days Sales Outstanding for 20X2? Please round to one decimal place What is Daveco's Days Inventory Held for 20X2? Please round to one decimal place A The following information comes from Daveco's 20X1 and 20X2 Financial Statements Sales $ 1,000 Cost of Goods 350 Sold Gross Profit 650 Operating 200 Expenses Operating Income 450 Interest Expense 25 Net Income $ 425 20X2 20X1 Cash $ 20 $ 15 Accounts 30 25 Receivable (net) Inventory 40 30 Total Current 90 70 Assets Fixed Assets (net) 105 95 Total Assets 195 165 Current Liabilities Noncurrent Liabilities Total Liabilities 25 75 228 100 70 90 2 2 2 20 Common Stock 50 50 Retained Earnings 45 25 Total Equity 95 75 Total Liabilities and Equity $ 195 $ 165 Current Liabilities 25 20 Noncurrent 75 70 Liabilities Total Liabilities 100 90 Common Stock 50 50 Retained Earnings 45 25 Total Equity 95 75 Total Liabilities and $ 195 $ 165 Equity Please calculate the following ratios, rounding to one decimal place. Please note that these numbers may differ from prior questions. What is Daveco's Accounts Receivable Turnover for 20X2? Please round to one A What is Daveco's decimal place Inventory Turnover for 20X2? Please round to one decimal place What is Daveco's Days Sales Outstanding for 20X2? Please round to one decimal place What is Daveco's Days Inventory Held for 20X2? Please round to one decimal place A
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