The Following Information Is Available for All-4-U Company for the Year

question 34

Essay

The following information is available for All-4-U Company for the year ending December 31,Year 2:
$$\begin{array} { l r l l } \text { Net sales } & \$ 5,000,000 & \text { Accounts receivable -December 31. Year 1 } & \$ 1,250,000 \\\text { Cost af goods sold } & \$ 3,500,000 & \text { Accounts receivable -December 31. Year } 2 & \$ 1,000,000 \\\text { Operating income } & \$ 600,000 & & \\\text { Net income } & \$ 400,000 & &\end{array}$$
A) Compute the gross profit ratio for Year 2.
B) Compute the operating margin ratio for Year 2.
C) Year 2
D) Compute the accounts receivable turnover for Year 2

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Definitions:

IPv4

Internet Protocol Version 4, the fourth version of the Internet Protocol used to identify devices on a network through an addressing system.

IPv4 Address

A numerical label assigned to each device connected to a computer network that uses the Internet Protocol for communication, under the fourth version.

Google Fiber

A high-speed internet service provided by Google, offering broadband connections through fiber-optic cables.

IPv4

Stands for Internet Protocol version 4, which is the fourth version of the Internet Protocol (IP) used to identify devices on a network through an addressing system.