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2021 2020 2019 Beginning accounts receivable $25,750 $23,500 $19,750 Ending accounts receivable $26,800 $25,750 $23,500 Beginning assets $24,965 $26,750 $24,965 Ending assets $15,975 $24,965 $26,750
| 2021 | 2020 | 2019 | |
| Beginning accounts receivable | $25,750 | $23,500 | $19,750 |
| Ending accounts receivable | $26,800 | $25,750 | $23,500 |
| Beginning assets | $24,965 | $26,750 | $24,965 |
| Ending assets | $15,975 | $24,965 | $26,750 |
| Gross sales | $56,100 | $54,789 | $52,800 |
| Returns and allowances | $3,800 | $3,200 | $3,500 |
| Cost of goods sold | $30,250 | $27,800 | $28,750 |
a) Using the following table, find the Accounts Receivable Turnover Ratio for 2021, 2020, and 2019. Show all work.
b) Using the following table, find the Total Asset Turnover Ratio for 2021, 2020, and 2019. Show all work.
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