need answer Davis Digital Electronics sells entirely on credit and provided the following information:•Current assets: $12,500 million••Cash: $4,000 million•Accounts receivable: $6,200 millionInventories: $2,300 million• Sales: $42,000 million•Cost of goods sold: $33,000 million•Total current liabilities: $12,500 millionWhat is the total asset turnover?

To calculate the total asset turnover ratio, use the following formula:Total Asset Turnover Ratio =…

Answered: Davis Digital Electronics sells…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 8P

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JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? JPJ's inventory turnover is
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Hi expert please give me answer general accounting question
Use the following information to answer the next question. Total Asset = $40 million Basic earning power (BEP) ratio is 20% Times-interest-earned (TIE) Principal payments = 4 million ratio is 6.55 $1.35 million; $0.37 million What is the company's EBIT? The company's interest expense? $3.33 million; $0.83 million $8.0 million; $0.62 million Depreciation = $1.0 million. $7.5 million; $0.75 million Lease payments = 0.6 million $8.0 million; $1.22 million

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