Question 6 of 10
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Bramble Piping Company manufactures PVC pipe. The company has provided the following selected financial information:
2020
2021
Accounts receivable $95,000 $75,000
Inventory
105,000 95,000
Total current assets
245,000 275,000
Total assets
605,000
485,000
Current liabilities
65,000 55,000
Total liabilities
175,000 231,830
Net credit sales
385,000 445,000
Cost of goods sold
295,000 340,000
Net income
81,000 87,000
(a)
Your answer is correct.
What is Bramble' average days to sell inventory for 2021? (Round answer to 1 decimal place, e.g. 52.7.)
(b)
Sell inventory
107.4
days
eTextbook and Media
What is Bramble' debt ratio for 2021? (Round answer to 2 decimal places, e.g. 52.75.)
Debt ratio
%
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