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Business, 13.04.2021 05:00 makaylahunt

Presented below is information related to Windsor Inc. WINDSOR INC. BALANCE SHEET DECEMBER 31, 2020 Cash $45,100 Notes payable (short-term) $50,300 Receivables $111,000 Accounts payable 31,700 Less: Allowance 14,800 96,200 Accrued liabilities 5,100 Inventory 169,300 Common stock (par $5) 259,100 Prepaid insurance 8,100 Retained earnings 142,900 Land 19,900 Equipment (net) 150,500 $489,100 $489,100 WINDSOR INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,401,400 Cost of goods sold Inventory, Jan. 1, 2020 $201,900 Purchases 797,500 Cost of goods available for sale 999,400 Inventory, Dec. 31, 2020 (169,300 ) Cost of goods sold 830,100 Gross profit on sales 571,300 Operating expenses 171,100 Net income $400,200 Compute the following ratios or relationships of Windsor Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e. g. 1.59 or 45.87%.)

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Presented below is information related to Windsor Inc. WINDSOR INC. BALANCE SHEET DECEMBER 31, 2020...
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