E 4.26 – Anderson Medical Supply Company

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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They give you sales, cost of goods sold, net income, and a small balance sheet and ask you for 4 ratios (inv turn, rec turnover, avg collection period, asset turn).

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  • Search Terms: $ $, $,. $. ($ (net) (use , . : a a. accounts and anderson anderson's anderson’s answers are assess asset assets average averages b. balance bonds business c. calculate cash collection common company company’s comparative cost current d. days decimal determine earnings equipment equity following for goods in income industry industry. required: . inventory its liabilities line management medical million, net of payable period places.) plant, property, ratios receivable receivables relative reported required: retained round sales shareholders’ sheets shows sold some statement stock supply table the thousands) times to total turnover year. your
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