(Solution) - a Use the data in Problem and Case 4 11 Redo -(2025 Original AI-Free Solution)

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(a) Use the data in Problem and Case 4.11. Redo Problems and Cases 4.11 to 4.15 for 2009. Where an average figure is needed, assume the opening amount and closing amounts are the same.
In problem

Creative Advertisings share price averaged $13.25 during 2009 and the shares also closed at $13.25 on December 31, 2009. Other data remains the same. For instance, 80% of sales are on credit and 90% of the $185,000 inventory purchases were on credit.
(b) What can you conclude from these ratios?