Brief Exercise 5-57 Ratio Analysis Watts Inc. specializes in imported goods, focusing particularly on food products....

Question

Question

Brief Exercise 5-57 Ratio Analysis Watts Inc. specializes in imported goods, focusing particularly on food products. For 2019

Answer 1

Answer #1

1
Net sales	9700000
Divide by Average Accounts Receivable	1057000
Accounts Receivable Turnover	9.18

2
Net income	425000	=445000-20000
Divide by Net sales	9700000
Net Profit margin ratio	4.38%

Answer 2

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