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ACCT 301 Week 3 Homework


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ACCT 301 Week 3 Homework


Problem 1

Required: Express each income statement component as a percentage of sales, and comment on the trends in each line from 2012 to 2013.

Problem 2

Required: Compute (1) accounts receivable turnover for 2013, (2) the inventory turnover for 2013, and (3) the net margin for 2013.

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