Computing and Evaluating Receivables, Inventory, and PPE Turnovers

$3$M Company reports the following financial statement amounts in its $10-$K report:

Required

Compute the receivables, inventory, and PPE turnover ratios for both Year $3$ and Year $2.($Receivables turnover and inventory turnover are

discussed in Chapters $6$ and $7,$ respectively.$)$ Round to two decimal places.

Receivable turnover rate:

Inventory turnover rate:

Year $3$

Year $2$

PPE turnover rate:

Year $3$

Year $2$