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Jim Short's Company makes clothing for schools. Sales in 2018 were $4,000,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment
Jim Short's Company makes clothing for schools. Sales in 2018 were $4,000,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $ 100,000 800,000 400,000 500,000 $1,800,000 (a) Compute the following (Enter only numeric values rounded to 2 decimal places): Answer is complete but not entirely correct. 1. Accounts receivable turnover 5,000.00 x 2. Inventory turnover 3. Fixed asset turnover 4 Total asset turnover 2,333.00 X 2,644.00 4,555.00 X
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