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The balance sheet
for Stud Clothiers is shown next. Sales for the year were $2,400,000, with 90 percent of sales sold on credit.
The balance sheet for Stud Clothiers is shown next. Sales
Compute the following ratios:
a. Current ratio.
b. Quick ratio.
c. Debt-to-total-assets ratio.
d. Asset turnover.
e. Average collectionperiod.
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