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 ass
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 ass
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 $1.27 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
Transcribed Image Text: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?
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What is JPJ's accounts receivable days?
JPJ's accounts receivable days are 14,94 days. (Round to two decimal places.)
What is JPJ's fixed asset turnover?
JPJ's fixed asset turnover is 0.46 (Round to two decimal places.)
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What is JPJ's total asset turnover?
JPJ's total asset turnover is 0.26 (Round to two decimal places.)
What is JPJ's inventory turnover?
JPJ's inventory turnover is (Round to two decimal places.)
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A financial ratio, also known as an accounting ratio, is the magnitude of two numerical values obtained from a company's financial statements.
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