ANSWER THIS PLESS00908 \

Dale's Pick and Pull Car Parts is a privately owned company which specializes in the sale of automobile parts. At the end of 2020, Dale wants to know what his shop's Inventory turnover rate is given that during 2020 his shop sold $760,000 in car parts at an overall cost of $515,000. The 2020 balance sheet for Dale's Pick and pull shows that Cash is $114,000, Receiveables is $43,000 and Inventories is $440,000, Total Assets for Dale's is $597,000 while Total liabilities are $189,000.

1) What is Dale's Pick and Pull Car Parts Inventory Turnover Rate?

What is the Total Assets Turnover for Dale's Pick and Pull?

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