Ratio analysisthe following information was taken from nash, Ask an Expert

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RATIO ANALYSIS

The following information was taken from Nash, Inc.'s trial balances as of December 31, 2008, and December 31, 2009.

	12/31/2009	12/31/2008
Accounts receivable	$ 32,000	$ 39,000
Accounts payable	47,000	36,000
Sales	219,000	128,000
Sales returns	4,000	2,300
Retained earnings	47,000	16,000
Dividends	5,000	1,000
Net income	36,000	9,000

Required:

Calculate the net profit margin and accounts receivable turnover for 2009.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91609037

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