JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million (of which $3.14 million are fixed assets), inventory of $151,000, and cost of goods sold of $608,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are _____ days. (Round to two decimal places.)
JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million (of which $3.14 million are fixed assets), inventory of $151,000, and cost of goods sold of $608,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are _____ days. (Round to two decimal places.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million (of which $3.14 million are fixed assets), inventory of $151,000, and cost of goods sold of $608,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover?
What is JPJ's accounts receivable days?
JPJ's accounts receivable days are _____ days. (Round to two decimal places.)
Transcribed Image Text:JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million (of which $3.14 million are fixed assets), inventory of $151,000,
and cost of goods sold of $608,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover?
Correct:
What is JPJ's accounts receivable days?
JPJ's accounts receivable days are
days. (Round to two decimal places.)
Qu
Expert Solution
Given:
Here,
Sales is $1,110,000
Accounts Receivable is $52,000
Total Assets is $5,120,000
Fixed Assets is $3,140,000
Inventory is $151,000
Cost of Goods Sold is $608,000
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