In Italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers in one day. In the United States, an automobile can be produced by 6 workers in one day, and a washing machine by 2 workers in one day. A. Which country has an absolute advantage in the production of automobiles? In washing machines? B. Which country has a comparative advantage in the production of washing machines? In automobiles? C. What type of specialization results in the greatest gains from trade between the two countries?

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