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JPJ Corp has sales of $1.11 million, accounts receivable of $53,000, total assets of $4.89 million (of which $3.01 million are fixed assets), inventory of
JPJ Corp has sales of $1.11 million, accounts receivable of $53,000, total assets of $4.89 million (of which $3.01 million are fixed assets), inventory of $153,000, and cost of goods sold of $605,000. What is JPJ's accounts receival e days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ is able to increase sales by 10.7% but keep its total and fixed asset growth to only 4.4%, what will its new asset tumover ratios be? Assume a 365-day year. What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places.) ***
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