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Business, 05.10.2020 15:01 nefertitihorne12

1. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a form ready for resale. Compute the net cost of goods purchased for the year ended September 30, 2017. 2. Compute the current ratio and acid-test ratio as of September 30, 2017, and September 24, 2016. 3. Does Appleā€™s 2017 current ratio outperform or underperform the (assumed) industry average of 1.5? 4. Does Appleā€™s 2017 acid-test ratio outperform or underperform the (assumed) industry average of 1.0?

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