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Patagonia Outdoors has just released the following financials about fiscal year 2020. Gross income $ 63,783,000 Total sales 61,465,000 Total credit sales 32,937,000 Net income
Patagonia Outdoors has just released the following financials about fiscal year 2020.
Gross income | $ | 63,783,000 | |
Total sales | 61,465,000 | ||
Total credit sales | 32,937,000 | ||
Net income | 7,516,000 | ||
Cost of goods sold | 31,840,000 | ||
Total assets | 15,368,000 | ||
Average inventory | 8,704,000 | ||
Average receivables | 5,020,000 | ||
a. Compute the receivable turnover ratio. (Round your answer to 3 decimal places.)
b. Compute the inventory turnover ratio. (Round your answer to 3 decimal places.)
c. Compute the asset turnover ratio. (Round your answer to 3 decimal places.)
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