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(Solved): The 2024 income statement of Anderson Medical Supply Company reported net sales of $9 million, cos ...
The 2024 income statement of Anderson Medical Supply Company reported net sales of $9 million, cos of goods sold of $5.2 million, and net income of $820,000. The following table shows the company's comparative balance sheets for 2024 and 2023: Required: 1. Calculate Anderson's turnover ratios for 2024. Note: Use 365 days a year. Round your answers to 2 decimal places.