From the data given calculate the following (Round to the nearest hundredth or hundredth of...
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Accounting
From the data given calculate the following (Round to the nearest hundredth or hundredth of a percent as needed.) a. Current ratio b. Acid test ratio C. Asset tumover ratio d. Gross profit rate E (Click the icon to view the data.) a. Current ratio Select the formula labels and then enter the amounts to calculate the current ratio. Current ratio b. Acid test ratio Select the formula labels and then enter the amounts to calculate the acid test ratio Acd lest taio C. Asset turnover ratio obta Table X: Select the formula labels and then enter the amounts to calculate the asset tumover ratio. %3D Asset turnover Net Sales 300,000 d. Gross profit rate Current Assets 62.400 Select the formula labels and then enter the amounts to calculate the gross profit ratio. Gross Profit 120,000 Gross profit rate Current Liebilties 24.000 Total Assets 150,000 Merchandise Inventory 15,000 9,000 Prepaid Expenses Print Done
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