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    Financial Accounting Study Set 24
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    Exam 6: Reporting and Interpreting Sales Revenue, Receivables, and Cash
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    The Following Information Was Taken from the Income Statement and Balance
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The Following Information Was Taken from the Income Statement and Balance

Question 19

Question 19

Essay

The following information was taken from the income statement and balance sheet of The ABC Company for the years 2011 and 2012 (in millions):
The following information was taken from the income statement and balance sheet of The ABC Company for the years 2011 and 2012 (in millions):    Compute the following ratios for 2012:   Compute the following ratios for 2012:
The following information was taken from the income statement and balance sheet of The ABC Company for the years 2011 and 2012 (in millions):    Compute the following ratios for 2012:

Correct Answer:

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(1) .056 (1,300/23,402)
(2) .5...

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