Question
JPJ Corp has sales of $1.33 million, accounts receivable of $48,000, total assets of $4.75 million (of which $2.98 million are fixed assets), inventory of
JPJ Corp has sales of $1.33 million, accounts receivable of $48,000, total assets of $4.75 million (of which $2.98 million are fixed assets), inventory of $155,000, and cost of goods sold of $597,000.
What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8 % but keep its total and fixed asset growth to only 4.7%, what will its new asset turnover ratios be?
What is JPJ's accounts receivable days?
JPJ's accounts receivable days are
days.(Round to two decimal places.)
What is JPJ's fixed asset turnover?
JPJ's fixed asset turnover is
(Round to two decimal places.)
What is JPJ's total asset turnover?
JPJ's total asset turnover is
(Round to two decimal places.)
What is JPJ's inventory turnover?
JPJ's inventory turnover is
(Round to two decimal places.)
If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only
4.7%, what will its new asset turnover ratios be?
JPJ's new fixed asset turnover is
(Round to two decimal places.)
JPJ's new total asset turnover is
(Round to two decimal places.)
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