Cash sales = $300,000 Credit sales = $1,100,000 Gross profit = $700,000 Credit purchases = $840,000 Total assets = $800,000 Total inventory = $80,000 Accounts receivable turnover ratio= 9.5 Average accounts payable = $80,000 What is the Assets turnover ratio? Answer for part 1 What is the Inventory turnover ratio? Answer for part 2 What is the total accounts receivable? Answer for part 3 What is the Gross profit margin?