Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,890,000. Assets were as...
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Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,890,000. Assets were as follows: Cash Accounts receivable Inventory Net plant and equipment Total assets $ 104,000 859,000 427,000 591,000 $ 1,981,000 a. Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times
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