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Problem:
1. Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc.
Sales in 2003 were $10,000. Therefore, the compounded average growth rate is:
2. Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc.
All the customers of Toys by Tom, Inc. take advantage of credit offered. On average, they take ______ days to pay outstanding bills.
Additional Information:
These two objective questions belong to Finance as well as they are about Toys By Tom Inc. The first question is about the growth rate achieved with sales and second question is about the time taken by Toys By Tom to repay their outstanding bills.
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