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sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total ass

sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total ass

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? JPJ's inventory turnover is
JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? rk What is JPJ's accounts receivable days? JPJ's accounts receivable days are 14,94 days. (Round to two decimal places.) What is JPJ's fixed asset turnover? JPJ's fixed asset turnover is 0.46 (Round to two decimal places.) ork What is JPJ's total asset turnover? JPJ's total asset turnover is 0.26 (Round to two decimal places.) What is JPJ's inventory turnover? JPJ's inventory turnover is (Round to two decimal places.) ing 2022) is bas
Transcribed Image Text:JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? rk What is JPJ's accounts receivable days? JPJ's accounts receivable days are 14,94 days. (Round to two decimal places.) What is JPJ's fixed asset turnover? JPJ's fixed asset turnover is 0.46 (Round to two decimal places.) ork What is JPJ's total asset turnover? JPJ's total asset turnover is 0.26 (Round to two decimal places.) What is JPJ's inventory turnover? JPJ's inventory turnover is (Round to two decimal places.) ing 2022) is bas
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A financial ratio, also known as an accounting ratio, is the magnitude of two numerical values obtained from a company's financial statements. 

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