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Naomi?'s Quilt Shoppe sells homemade Amish quilts. Naomi buys the quilts from local Amish artisans for $290 ?each, and her shop sells them for $490 each. She also pays a sales commission of 8?% of sales revenue to her sales staff. Naomi leases her? country-style shop for $1,300 per month and pays $1,800 per month in payroll costs in addition to the sales commissions. Naomi sold 95 quilts in February.
Problem 1: Prepare Naomi?'s traditional income statement and contribution margin income statement for the month.
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The cost of placing an order with their supplier is €750 and the inventory-carrying costs are €170 for each generator. What is average inventory for the season
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Current Assets = 54,306 Total Assets = 154,815 Current Liabilities = 15,425 Total Liabilities = 100,747 Equity = 54,068 What is the debt ratio?
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