Question: Assignment Content 1.5 Question 1 Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation Gross income Total sales Total credit

Assignment Content 1.5 Question 1 Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation Gross income Total sales Total credit sales Net income Cost of goods sold Total assets Average inventory Average receivables $25,240,000 $24,324,000 $18,785,000 $3,210,000 $16,200,000 $8,000,000 $3,800,000 $2,445,000 a. Compute the asset turnover ratio. b. Compute the inventory turnover ratio. (You can write Font ur answer in a paper and scan it or write your answer in a word file and attach it below). - D TV A. . . . 5

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