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Selected balances from a company's financial statements are shown below:
Use the information above to calculate the following current year ratios:
(a) 2014 inventory turnover.
(b) Days' sales uncollected at Dec. 31, 2014.
(c) 2014 profit margin.
(d) 2011 return on total assets.
Opportunity Costs
The cost of what is foregone by choosing one alternative over another, representing the benefits that could have been received from the next best alternative.
Bargaining Position
The relative power or leverage that a party has during negotiations to influence the terms in their favor.
Supplier Merges
The act of two or more suppliers combining their operations, often to increase efficiency or market power.
Product Redesign
The process of updating or changing the features, appearance, or specifications of a product to improve its performance, appeal, or production efficiency.
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