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    Adventure Technology 's Inventory Turnover Ratio

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    Adventure Technology Balance Sheet
    December 31, 2005 ($thousands)

    2001 2002
    Assets
    Cash & Marketable Sec. $60 $49
    Accts. Receivable 406 448
    Inventory 600 640
    Total Current Assets $1,066 $1,137

    Fixed Assets
    Gross Fixed Assets 1,130 1,280
    Less:Acc. Depreciation 307 384
    Net Fixed Assets 823 896
    Total Assets $1,889 $2,033

    Liabilities & Owners' Equity
    Accounts Payable $350 $384
    Notes Payable 138 108
    Accruals 30 30
    Total Current Liab. $518 $522
    Long-Term Debt 838 813
    Total Liabilities $1,356 1,335
    Common Stock 150 150
    Paid In Capital $200 200
    Acc. Retained Earning 183 348
    Total Owners' Equity $533 698
    Total Liab. & Owners' Equity $1,889 $2,033

    1) For 2002, what is the Quick Ratio.

    2) What is Adventure Technology 's Inventory Turnover Ratio for 2002?

    3) What is Adventure Technology's debt ratio for 2002?

    4) What is Adventure Technology's Return on Equity for 2002?
    Please see attached...

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    Adventure Technology Balance Sheet
    December 31, 2005 ($thousands)

    2001 2002
    Assets
    Cash & Marketable Sec. $60 $49
    Accts. Receivable 406 448
    Inventory 600 640
    Total Current Assets $1,066 $1,137

    Fixed Assets
    Gross Fixed ...

    Solution Summary

    This provides the steps to calculate the Adventure Technology 's Inventory Turnover Ratio

    $2.19

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