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FormaltingTabile Styles Problem 2-29 If JPJ Corp (the company in Problem 28) is able to increase sales by 10% but keep its total and fixed asset growth to only 5%, what will its new asset turnover ratios be? Old 51.000an Thousands) S5,000 Sales $1,000 Total Assets (In Thousands) $3,000 Fixed Assets (In Thousands) Old New Fixed Asset Tumover Total Asset Tumover Type here to search Insert Page Layout Formulas Data Review View Help File Home Cut Times New Roma 14 A A Format Painter l | L | ! | Merg . Clipboard Font Alignment D16 Problem 2-28 JPJ Corp has sales of $1 milion, accounts receivable of $50,000, total assets of $5 million (of which $3 million are fixed assets), inventory of $150,000, and cost of goods sold of $600,000. What is JPJ's accounts receivable days? Fixed asset tumover? Total asset Sales $1.000 In Thousands) S50 (an Thousands) Accounts Receivable Total Assets 5,000 In Thousands) 3,000 (In Thousands) S150 In Thousands) S600 In Thousands) Fixed Assets Inventory Cost of Goods Sold 12 Accounts Receivable Days Fixed Asset Tumover 18.25 days 0.33 Total Asset Tumover Inventory Tumover P.9P 10 P 1P. 12 P. 28 P. 29 P.31 P. 33Tabl Read OType here to seardh