Reference no: EM133128230
Question - Suppose the total sales are $183,464,000, the gross income is $190,380,000, the net income is $28,436,000, the COGS is $95,040,000, the total credit sales are $110,340,000, the average receivables are $4,457,000, the total assets are $13,647,000, and the average Inventory is $6,136,000. Don't over think the values just given (they are randomly generated, so some may seem abnormally high or low compared to each other based on normal relationships).
a. Compute the asset turnover ratio.
b. Compute the receivable turnover ratio.
c. Compute the inventory turnover ratio.
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