Op Man HW 1 Q 3

rec eiv ableturnov erratio 5453 b computetheinv

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: m al places.) Rec eiv able turnov er ratio 5.453 b. Compute the inv entory turnov er ratio. (Round your answer to 3 decim al places.) Inv entory turnov er ratio 4.383 c. Compute the as s et turnov er ratio. (Round your answer to 3 decim al places.) As s et turnov er ratio 2.306 Worksheet Problem 1­9 Learning Objective: 01­04 Evaluate the efficiency of a firm. Problem 1-9 Cons ider the following financ ial data from the pas t y ear for Midwes t Outdoor Equipment Corporation. Gros s inc ome Total s ales Total c redit s ales Net inc ome Cos t of goods s old Total as s ets Av erage inv entory Av erage rec eiv ables $25,240,000 24,324,000 18,785,000 2,975,000 12,600,000 10...
View Full Document

This note was uploaded on 01/29/2014 for the course MAN 4504 taught by Professor Georgekyparisis during the Fall '09 term at FIU.

Ask a homework question - tutors are online