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    Calculating asset activity ratios

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    Calculate the following asset activity ratios for the end of 2005

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

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    THANKS!

    SHORT ANSWER PLEASE
    Identify four financial ratios and state what they tell you about a firm and why it's important to understand what these ratios mean to both a bank and an investor.

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    https://brainmass.com/business/finance/calculating-asset-activity-ratios-40164

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    Average collection period = Average receivables /Sales * 365 = 55.514/2004.016*365 =10.11 days
    The collection period for the company is good.

    Inventory turnover = Average ...

    $2.49

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