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Cadet Corporation: Analyze and Compute Financial Ratios

See attached file for data.

Selected year-end financial statements of Cadet Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2008, were inventory, $50,900; total assets, $219,400; common stock, $90,000; and retained earnings, $52,748).

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Solution Summary

Provides steps necessary to compute financial ratios.