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Business, 25.06.2019 10:30 bvallinab

Refer to table 4minus1 for the following questions. table 4minus1 stewart company balance sheet assets:cash and marketable securities $600,000 accounts receivable 900,000 inventories 1,500,000 prepaid expenses 75,000 total current assets $3,075,000 fixed assets 8,000,000 less: accum. depr. (2,075,000) net fixed assets $5,925,000 total assets $9,000,000liabilities:accounts payable $800,000 notes payable 700,000 accrued taxes 50,000 total current liabilities $1,550,000 longminusterm debt 2,500,000 owner's equity (1 million shares of common stock outstanding) 4,950,000 total liabilities and owner's equity $9,000,000net sales (all credit) $10,000,000 less: cost of goods sold (3,000,000) selling and administrative expense (2,000,000) depreciation expense (250,000) interest expense (200,000) earnings before taxes 4,550,000 income taxes (1,820,000) net income $2,730,000 based on the information in table 4minus1, the accounts receivable turnover is

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Refer to table 4minus1 for the following questions. table 4minus1 stewart company balance sheet asse...
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