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Table 3.1 Information (2013 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Notes payable for CEE in 2013 was ________. (See Table 3.1)
Inflation
The rate at which the cost of goods and services goes up, thereby reducing the purchasing capacity.
Period
A length or portion of time.
Unemployed Workers
Individuals of working age who are without work, available to work, and actively seeking employment.
Employed Workers
Individuals in the workforce who have secured employment and are currently working.
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