Suppose the total sales are $ the gross income is $ the net income is $ the COGS is
$ the total credit sales are $ the average receivables are $ the total assets are $ and the
average inventory is $ Don't overthink the values just given they are randomly generated, so some may seem abnormally
high or low compared to each other based on normal relationships Answer the following questions. Do not round your intermediate
calculations or if you do go to at least decimals for them
a Compute the asset turnover ratio. Round your final answer to decimal places eg would be rounded to
Asset turnover ratio
b Compute the receivable turnover ratio. Round your final answer to decimal places eg would be rounded to
Receivable turnover ratio
c Compute the inventory turnover ratio. Round your final answer to decimal places eg would be rounded to
Inventory turnover ratio
