Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,720,000. The assets were the following:

Money	ps	189,000
accounts receivable		883,000
Inventory		444,000
net plant and equipment		574,000
total assets	ps	2,090,000

to. Calculate the following: (Round your answers to 2 decimal places.)

turnover reasons

1.Accounts receivable times?

2. Inventory times?

3.Times of fixed assets?

4. Total active times?

b. In 20X2 sales increased to $5,220,000 and assets for that year were as follows:

Money	ps	189,000
accounts receivable		967,000
Inventory		993,000
net plant and equipment		574,000
total assets	ps	2.723.000

Calculate the following: (Round your answers to 2 decimal places.)

1.Accounts receivable times?

2. Inventory times?

3.Times of fixed assets?

4. Total active times?

Answer rating: 100% (QA)

a 1 Accounts receivable turnover Sales Accounts receivable Accounts receivable turnover 4720000 8830... View the full answer