Jim Kovacs Company makes supplies for schools. Sales in 20XX were $4,470,000. Assets were as follows:...

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Jim Kovacs Company makes supplies for schools. Sales in 20XX were $4,470,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $133,000 850,000 426,000 536,000 $1,945,000 a. Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asset turnover 4. Total asset turnover X X X b. In 20XY, sales increased to $5,870,000 and the assets for that year were as follows: Cash Accounts receivable Inventory $133,000 978,000 1,038,000 Net plant and equipment 536,000 Total assets $2,685,000 Compute the following: (Round the final answers to 2 decimal places.) Jim Kovacs Company makes supplies for schools. Sales in 20XX were $4,470,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $133,000 850,000 426,000 536,000 $1,945,000 a. Compute the following: (Round the final answers to 2 decimal places.) 1. Accounts receivable turnover 2. Inventory turnover 3. Capital asset turnover 4. Total asset turnover X X X b. In 20XY, sales increased to $5,870,000 and the assets for that year were as follows: Cash Accounts receivable Inventory $133,000 978,000 1,038,000 Net plant and equipment 536,000 Total assets $2,685,000 Compute the following: (Round the final answers to 2 decimal places.)

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Answer a 1 Accounts receivable turnover Accounts receivable turnover Sales Average accounts receivable Average accounts receivable Beginning accounts ... View the full answer