Asset management, or turnover, ratio Inventory turnover = $1,344 $422 = = 3.2 times Inventory turnover Cost of goods sold Inventory Day's sales in inventory= 365 days 3.2 = 115 days Day's sales in inventory = 365 days Inventory turnover Receivables turnover = Receivables turnover = ) Day's sales in receivables = Day's sales in receivables ( NWC turnover = NWC turnover= Sales NWC Fixed asset turnover = Sales Fixed asset turnover = Sales Total asset turnover = Total asset turnover =