![]() At some point, though, marginal costs start to increase, displaying the typical pattern of diminishing marginal returns. In the raspberry farm example, in, and, marginal cost at first declines as production increases from 10 to 20 to 30 to 40 packs of raspberries-which represents the area of increasing marginal returns that is not uncommon at low levels of production. Ordinarily, marginal cost changes as the firm produces a greater quantity. Calculate the days' sales in receivables for 2016.(Round to two decimals.) How does Chippewa's ratio compare to the industry average accounts receivable turnover of 10 ? Calculate Chippewa's accounts receivable turnover ratio.How does Chippewa's acid-test ratio compare with the industry average of 0.80 0.80 0.80 ? (Round to two decimals.) Determine whether Chippewa's acid-test ratio improved or deteriorated from 2015 to 2016. Calculate Chippewa's acid-test ratio for 2016.Chippewa Carpets reported the following amounts in its 2016 financial statements. ![]()
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