Asset Efficiency Ratios
Refer to financial statements in Exercise 12-76 and the information below.
Required:
1. Compute the three asset efficiency ratios (rounded to two decimal places) for 2018 and 2019.
2. Indicate the length of Steele’s operating cycle in days (rounded to two decimal places) for the years ended December 31, 2019. and December 31, 2018.
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