Patagonia Outdoors has just released the following financial data for fiscal year 2020. Gross income ps 63.783.000
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Patagonia Outdoors has just released the following financial data for fiscal year 2020.
| Gross income | ps | 63.783.000 | |
| Total sales | 61.465.000 | ||
| Total credit sales | 32,937,000 | ||
| Net Income | 7.516.000 | ||
| cost of goods sold | 31.840.000 | ||
| total assets | 15,368,000 | ||
| average inventory | 8,704,000 | ||
| Average Accounts Receivable | 5,020,000 | ||
a. Calculate the turnover ratio of accounts receivable.
b. Calculate the inventory turnover ratio.
C. Calculate the asset turnover ratio.
Expert Answer:
Solution a Turnover Ratio of Accounts Receivable Total Credit Sales Average Accounts Receivable 3293... View the full answer
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