Problem 4.12 – Askew Industries

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Difficulty – Hard

Calculate ratios: inventory turn, avg days inventory, rec turnover, avg collection, asset turn, profit margin sales, return on assets, return on equity, equity multiplier.

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  • Search Terms: assets $ $ , $ , ( ) income ( ) net (, ) gross (, ) interest , dec. accounts bonds cash $ common comparative cost current inventory liabilities operating property, retained (in (net) and are askew balance below earnings equipment equity expense expenses financial for goods income income $ industries liabilities $ of payable plant, profit receivable sales $ , shareholders’ sheets shown sold statement net statements stock tax thousands):
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