6. Solve from the following facts, rounding to the nearest hundredth. LU 13-3(2) Current assets...
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6. Solve from the following facts, rounding to the nearest hundredth. LU 13-3(2) Current assets $14,000 Net sales $40,000 Accounts receivable $5,000 Total assets $38,000 Current liabilities $20,000 Net income $10,100 Inventory $ 4,000 a. Current ratio a. b. Acid test C. Average day's collection d. Asset turnover e. Profit margin on sales
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