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JPJ Corp has sales of $ 1.07 ​million, accounts receivable of $ 55 comma 000​, total...

JPJ Corp has sales of $ 1.07 ​million, accounts receivable of $ 55 comma 000​, total assets of $ 5.08 million​ (of which $ 3.24 million are fixed​ assets), inventory of $ 141 comma 000​, and cost of goods sold of $ 594 comma 000. What is​ JPJ's accounts receivable​ days? Fixed asset​ turnover? Total asset​ turnover? Inventory​ turnover?

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Answer #1
Ans.1 Accounts receivables days =   Accounts receivables / Net credit sales * No. of days in year
55000 / 1070000 * 365
18.76 days
Ans.2 Fixed assets turnover   = Sales / Fixed assets
1070000 / 3240000
0.33 times
Ans.3 Total assets turnover   = Sales / Total assets
1070000 / 5008000
0.21 times
Ans.4 Inventory turnover = Cost of goods sold / Inventory
594000 / 141000
4.21 times
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