JPJ Corp has sales of $ 1.05 ​million, accounts receivable of $
52,000​, total assets of...
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JPJ Corp has sales of $ 1.05 ​million, accounts receivable of $52,000​, total assets of $ 5.13 million​ (of which $ 2.76 millionare fixed​ assets), inventory of $ 154,000​, and cost of goods soldof $ 603,000. What is​ JPJ's accounts receivable​ days? Fixedasset​ turnover? Total asset​ turnover? Inventory​ turnover?
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Solution Calculation of Accounts Receivable days The formula for calculating the Accounts Receivable days is Accounts Receivable days Accounts receivable Sales 365 As per the information given in the question we have Accounts receivable 52000 Sales 1050000 Thus applying the above values in the formula we have
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