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problem: These summarized data were obtained from the accounting records of Hamberg Company at the end of its fiscal year, September 30:

	2008	2007
Cash	$30,225	$27,240
Accounts receivable	149,375	128,160
Inventory	140,250	90,690
All other assets	435,900	333,580
Accounts payable	131,625	109,500
Bank note payable, due in 90 days	60,000	36,000
Note payable, due in 8 years	34,375	27,500
Sales	980,800	800,680
Cost of goods sold	827,500	651,780
Operating expenses	35,650	26,330

find out the following for 2008 given the data provided:

[A] Activity ratios.

[B] Liquidity and solvency ratios.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M919126

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