Hi..I need assistance for the last two questions. Please assist - thank you JPJ

Question

Hi..I need assistance for the last two questions. Please assist - thank you

JPJ Corp has sales of $1.04 million, accounts receivable of $45,000, total assets of $4.92 million (of which $3.03 million are fixed assets), inventory of $153,000, and cost of goods sold of $596,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 10.1% but keep its total and fixed asset growth to only 41%, what will its new asset turnover ratios be? What is JPJ's accounts receivable days? JPJ's accounts receivable days are 15.79 days. (Round to two decimal places.) What is JPJ's fixed asset turnover? PJ's fixed asset turnover is 0.34 (Round to two decimal places) What is JPJ's total asset turnover? PJ's total asset turnover is 021 (Round to two decimal places ) What is JPJ's inventory turnover? JPJ's inventory turnover is 0.20 (Round to two decimal places) If JPJ Corp is able to increase sales by 10.1% but keep its total and fixed asset growth to only 4.1%, what will its new asset turnover ratios be? JPJs new fixed asset turnover isRound to two decimal places.) PJs new total asset turnover is(Round to two decimal places

Explanation / Answer

New Fixed Asset Turnover: 0.36

New Total Asset Turnover: 0.22

Original Change % New Sales 1040000 10.10% 1145040 Fixed assets 3030000 4.10% 3154230 Total Assets 4920000 4.10% 5121720 Fixed Asset Turnover 0.34 0.36 Total Asset Turnover 0.21 0.22

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.