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Calculate the following asset activity ratios

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Use the annual information SEE ATTACHMENT to answer this assignment. Calculate the following asset activity ratios for the end of 2005:

1. Average Collection Period
2. Inventory Turnover
3. Total Asset Turnover

Please show all work, including formula and calculations used to arrive at financial values.

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Solution Summary

Average collection period:
= 365 / Receivables Turnover

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Here are your ratios:

Average collection period:
= 365 / Receivables Turnover
= 365 / ...

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