Jim Shorts Company makes clothing for schools. Sales in X were $ Assets were as follows:
Cash $
Accounts receivable
Inventory
Net plant and equipment
Total assets $
Compute the following:
Note: Round your answers to decimal places.
In X sales increased to $ and the assets for that year were as follows:
Cash $
Accounts receivable
Inventory
Net plant and equipment
Total assets $
Compute the following:
Note: Round your answers to decimal places.
Is there an improvement or a decline in the total asset turnover?
multiple choice
Decline
Improvement
Jim Short's Company makes clothing for schools. Sales in were $ Assets were as follows:
a Compute the following:
Note: Round your answers to decimal places.
b In sales increased to $ and the assets for that year were as follows:
Compute the following:
Note: Round your answers to decimal places.
c Is there an improvement or a decline in the total asset turnover?
Decline
Improvement
