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Consider the Following Required:
You Have Been Provided with the Balance Sheet for stockholders

Question 53

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Consider the following: Consider the following: \begin{array}{l} \text { Additional information: }\\ \begin{array}{lr} \text { Total stockholders' equity, January 1, 20-- } & \$ 71,250 \\ \text { Accounts receivable, January 1, 20-- } & 19,650 \\ \text { Net income for 20-- } & 21,600 \\ \text { Merchandise inventory, January 1, 20-- } & 60,750 \\ \text { Net credit sales for 20-- } & 105,000 \end{array} \end{array} Required: You have been provided with the balance sheet for Santos Tier I Center. Calculate the following ratios and round answers to two decimal places.  Additional information:  Total stockholders’ equity, January 1, 20– $71,250 Accounts receivable, January 1, 20– 19,650 Net income for 20– 21,600 Merchandise inventory, January 1, 20– 60,750 Net credit sales for 20– 105,000\begin{array}{l}\text { Additional information: }\\\begin{array}{lr}\text { Total stockholders' equity, January 1, 20-- } & \$ 71,250 \\\text { Accounts receivable, January 1, 20-- } & 19,650 \\\text { Net income for 20-- } & 21,600 \\\text { Merchandise inventory, January 1, 20-- } & 60,750 \\\text { Net credit sales for 20-- } & 105,000\end{array}\end{array} Required:
You have been provided with the balance sheet for Santos Tier I Center. Calculate the following ratios and round answers to two decimal places. Consider the following: \begin{array}{l} \text { Additional information: }\\ \begin{array}{lr} \text { Total stockholders' equity, January 1, 20-- } & \$ 71,250 \\ \text { Accounts receivable, January 1, 20-- } & 19,650 \\ \text { Net income for 20-- } & 21,600 \\ \text { Merchandise inventory, January 1, 20-- } & 60,750 \\ \text { Net credit sales for 20-- } & 105,000 \end{array} \end{array} Required: You have been provided with the balance sheet for Santos Tier I Center. Calculate the following ratios and round answers to two decimal places.

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