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Calculate and input the receivables turnover ratio column

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Companies A, B, and C are three companies in the interior design industry. The following information was determined by analyzing their financial statements for the year 2019:

                                                                                 COMPANY A                     COMPANY B                       COMPANY C

Gross profit percent                                             31.5%                           30.6%                           28.4%

Current ratio                                                          0.60                             1.10                           1.60

Accounts Receivable Turnover

Debt-to-assets                                                       0.30                                0.55                        0.67

Asset turnover                                                            2.70                            2.10                            3.50

Net profit margin                                                         5.30%                          4.80%                          7.10%

Return on equity                                                           9.00%                            8.60%                        9.80%

Earnings per share                                                            $1.57                            $1.15                    $0.52

Inventory turnover                                                              4.80                             3.90                       6.00

Question 1: Calculate and Input the Receivables Turnover Ratio column for each company

Reference no: EM132607135

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