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JPJ Corp has sales of $ 1.14 million, accounts receivable of $ 53 comma 000, total assets of $ 5.11 million (of which $ 2.92
JPJ Corp has sales of $ 1.14 million, accounts receivable of $ 53 comma 000, total assets of $ 5.11 million (of which $ 2.92 million are fixed assets), inventory of $ 147 comma 000, and cost of goods sold of $ 604 comma 000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.7 % but keep its total and fixed asset growth to only 4.2 %, what will its new asset turnover ratios be?
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