Question
JPJ Corp has sales of $1.42 million, accounts receivable of $55,000, total assets of $5.03 million (of which $3.13 million are fixed assets), inventory
JPJ Corp has sales of $1.42 million, accounts receivable of $55,000, total assets of $5.03 million (of which $3.13 million are fixed assets), inventory of $159,000, and cost of goods sold of $609,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.4% but keep its total and fixed asset growth to only 4.8 %, 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.)
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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