b. In 20X2, sales increased to $5,770,000 and the assets for that year were as follows:...
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b. In 20X2, sales increased to $5,770,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $ 138,000 914,000 1,071,000 500,000 $2,625,000 Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times limes times b. In 20X2, sales increased to $5,770,000 and the assets for that year were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $ 138,000 914,000 1,071,000 500,000 $2,625,000 Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times limes times
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