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Accounting and Forecasting

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Use the annual information found that can be found by looking at attached file to answer this assignment. Calculate the following asset activity ratios for the end of 2005:
Average Collection Period
Inventory Turnover
Total Asset Turnover
Please show all work, including formulae and calculations used to arrive at financial values.

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This solution is comprised of a detailed explanation to compute Average Collection Period, Inventory Turnover, and Total Asset Turnover.

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Use the annual information found that can be found by looking at attached file to answer this assignment. Calculate the following asset activity ratios for the end of 2005:
please show all work, including formulae and calculations used to arrive at financial values.

Average Collection Period (ACP)

ACP = Receivables/Credit Sales per day
= 55,514/(2,004,016/365)
= 10 days

Inventory Turnover ...

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