Great Lakes Manufacturing Inc. comparative statement of Financial Position Additional Information: - Operating expenses include...
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Great Lakes Manufacturing Inc. comparative statement of Financial Position Additional Information: - Operating expenses include depreclation expense of $3,500,000 - Accounts Payable related to the purchase of Inventory - Equipment that cost $3,900,000 was sold at a galn of $1,000,000 - New equipment was purchased during the year for $2,500,000 - Dividends declared and pald in 20X4 totaled $1,900,000 - Common shares were sold for $2,000,000cash - Interest payable in 204 was $240,000 greater than interest payable in 203 The working capital tumover at December 203 was: The working capital turnover at December 203 was: Multiple Cholce Not enough data provided to calculate it Between 3.09 and 6.17 Between 6.1g and 12.35 Equal or below 3.09 Equal or above 12.36
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Great Lakes Manufacturing Inc. comparative statement of Financial Position Additional Information: - Operating expenses include depreclation expense of $3,500,000 - Accounts Payable related to the purchase of Inventory - Equipment that cost $3,900,000 was sold at a galn of $1,000,000 - New equipment was purchased during the year for $2,500,000 - Dividends declared and pald in 20X4 totaled $1,900,000 - Common shares were sold for $2,000,000cash - Interest payable in 204 was $240,000 greater than interest payable in 203 The working capital tumover at December 203 was: The working capital turnover at December 203 was: Multiple Cholce Not enough data provided to calculate it Between 3.09 and 6.17 Between 6.1g and 12.35 Equal or below 3.09 Equal or above 12.36 