Turnover Ratios and Ratio Calculation Analysis
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Use the annual information found that can be found by clicking on the 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 formulae and calculations used to arrive at financial values.
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Solution Summary
Explains how to calculate the turnover ratios with formula.
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Average collection period = Average receivables /Sales * 365 ...
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