Exercise Algo Evaluating efficiency of asset management LO
The income statement of Anderson Medical Supply Company reported net sales of $ million, cost of goods sold of $ million, and net income of $ The following table shows the company's comparative balance sheets for and :
$ in thousands
Assets
Cash $ $
Accounts receivable
Inventory
Property, plant, and equipment net
Total assets $ $
Liabilities and shareholders equity
Current liabilities $ $
Bonds payable
Common stock
Retained earnings
Total liabilities and shareholders' equity $ $
Required:
Calculate Anderson's turnover ratios for
