MGMT 300: ICE 1 Problem 1 Turnover Inc., a Chicago furniture firm, has released the following data for its recent quarter: Annual Credit Sales Average Accounts Receivable Cost of Goods Sold Average Inventory Value Total Sales Total Assets 1. What is the Receivables Turnover Ratio? 2. What is the Inventory Turnover Ratio? 3. What is the Asset Turnover Ratio? $1,800,000 $300,000 $1,200,000 $20,000 $2,400,000 $100,000