What is the role of prices in a market economy? a indicating the cost of a good. b indicating how valuable a good is. c indicating the profit that a supplier will receive. d none of the above.

Consider the following financial data from the past year for midwest outdoor equipment corporation. gross income $ 35,515,000 total sales 34,226,000 total credit sales 23,103,000 net income 4,186,000 cost of goods sold 17,730,000 total assets 12,119,000 average inventory 4,325,000 average receivables 3,958,000 a. compute the receivable turnover ratio. (round your answer to 3 decimal places.) receivable turnover ratio b. compute the inventory turnover ratio. (round your answer to 3 decimal places.) inventory turnover ratio c. compute the asset turnover ratio. (round your answer to 3 decimal places.) asset turnover ratio