JPJ Corp has sales of $1.34 million, accounts receivable of $52,000, total assets of $4.99million(of which $2.79 million are fixed assets), inventory of $151,000, and cost of goods sold of $601,000. What are JPJ’s accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover?

Account Receivable Days : 14.16 days

Fixed Asset Turnover : 0.48 times

Total Asset Turnover : 0.27 times

Inventory Turnover : 3.98 times

Step-by-step explanation:

1) Account Receivable days is calculated as : (Account Receivable/Revenue) * Number of days in a year. Hence the answer is calculated as = (52000/134

0000) * 365 = 14.16.

2) Fixed Assets Turnover is calculated as : Net Sales/Fixed Assets. Hence the answer is calculated as 1340000/2790000 = 0.48.

3) Total Asset turnover is calculated as : Nets Sales/Total Assets. Hence the answer is = 1340000/4990000 = 0.28.

4) Inventory Turnover is calculated as : COGS/Average Inventory. Hence the answer is = 601000/151000 = 3.98.

whatare you sayig

step-by-step explanation:

no he doesnt because "-16' is negatiive

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