Question
Consider the following financial data from the past year for Midwest Outdoor Equipment Gross Income $25,240,000 Total Sales 24,324,000 Total Credit Sales 18,785,000 Net Income
Consider the following financial data from the past year for Midwest Outdoor Equipment
Gross Income $25,240,000
Total Sales 24,324,000
Total Credit Sales 18,785,000
Net Income 2,975,000
Cost of Goods Sold 12,600,000
Total Assets 10,550,000
Average Inventory 2,875,000
Average Receivables 3,445,000
Compute the receivable, inventory, and asset turnover rates.
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Competitor Analysis In Financial Services
Authors: Ian Youngman
1st Edition
1855733315,1782420053
