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JPJ Corp has sales of $1.5 million, accounts receivable of $50,000, total assets of $4 million (of which $3 million are fixed assets), inventory of
JPJ Corp has sales of $1.5 million, accounts receivable of $50,000, total assets of $4 million (of which $3 million are fixed assets), inventory of $150,000, and cost of goods sold of $600,000. Its fixed asset turnover is 0.500 and total asset turnover is 0.375. If JPJ Corp is able to increase sales by 12% but keep its total and fixed asset growth to only 6%, what will its new asset turnover ratios be? and its new total asset turnover ratio is Its new fixed asset turnover ratio is (Round to three decimal places.)
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