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I need help with this problem, can you help?<br/><br/><br/>The 2021

income statement of Adrian Express reports sales of $19,510,000, cost of goods sold of $12,300,000, and net income of $1,740,000. Balance sheet information is provided in the following table.

Industry averages for the following profitability ratios are as follows:





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Step-by-step answer

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