Excerpts from Nationwide Company’s December 31, 2024 and 202…

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales (all credit)400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the inventory turnover ratio for 2024?Note: Round your answer to one decimal place.

Excerpts from Nationwide Company’s December 31, 2024 and 202…

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 82,000$ 78,000Inventory86,00077,000Net sales450,000381,000Cost of goods sold260,000219,000Total assets830,000785,000Total stockholders’ equity490,000455,000Net income70,00052,000 What is the profit margin for 2024?Note: Round your answer to one decimal place.

Sammy’s Pizza had the following financial information for th…

Sammy’s Pizza had the following financial information for the year as follows ($ in millions): Net income$ 9,200Obtain loan from the bank4,600Depreciation expense1,800Purchase equipment5,400Increase in accounts receivable3,900Pay cash dividends2,200Increase in salaries payable1,700Sale of land3,500 Sammy’s Pizza would report net cash inflows (outflows) from investing activities in the amount of: