Please consider the following financial data from the past year for Scientific Equipment Manufacturing:

Gross Income........................ $32,280,000

Total Sales............................. $30,126,000

Total Credit Sales................... $22,560,000

Net Income.............................$5,400,000

Cost of Goods Sold................$18,000,000

Total Assets............................$16,200,000

Average Inventory...................$4,525,000

Average Receivables..............$6,275,000

QUESTIONS:

a) Compute the receivables turnover ratio

b) Compute the inventory turnover ratio

c) Compute the asset turnover ratio

*Upload your answers and work documenting how you arrived at your answers*