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hi I need detailed explanation of this: Sales-$320,000 Accumulated Depreciation-$15000 Gross Profit Margin-30% Return on Assets-12.5% Inventory Turnover Ratio-8 Acounts Payable Days-18 Net Profit Margin-4% Notes Payable-$1800 Average Collection Period-45 Gross Fixed Assets-$48000 Return on Equity-25% Percent of Sales on Credit(remainder are cash sales)-75% Cash= Notes Payable= AR= Accounts Payable= Inventory= Long-term Debt= Gross Fixed Assets= Equity= Net Fixed Assets= TOTAL LIABILITY AND EQUITY=

August 9, 2019/in Questions Uploads /by admin

hi I need detailed explanation of this:Sales-$320,000 Accumulated

Depreciation-$15000

Gross Profit Margin-30% Return on Assets-12.5%

Inventory Turnover Ratio-8 Acounts Payable Days-18

Net Profit Margin-4% Notes Payable-$1800

Average Collection Period-45 Gross Fixed Assets-$48000

Return on Equity-25% Percent of Sales on Credit(remainder are cash sales)-75%

Cash= Notes Payable=

AR= Accounts Payable=

Inventory= Long-term Debt=

Gross Fixed Assets= Equity=

Net Fixed Assets= TOTAL LIABILITY AND EQUITY=