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    ABC Fitness: computation of asset activity ratios

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    Use the annual information found in the attachment.

    Calculate the following asset activity ratios for the end of 2005:

    Average Collection Period
    Inventory Turnover
    Total Asset Turnover

    To receive full credit on this assignment, please show all work, including formulae and calculations used to arrive at financial values.

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    Solution Preview

    Calculate the following asset activity ratios for the end of 2005:

    Average Collection Period
    = Receivables/Daily ...

    Solution Summary

    Response describes the steps to calculate the asset activity ratios


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