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    ABC Fitness: Average Collection Period, Inventory, Total Asset Turnover

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    Use the attached annual information to answer the three questions that follow:

    Calculate the following asset activity ratios for the end of 1999.

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

    © BrainMass Inc. brainmass.com March 4, 2021, 6:15 pm ad1c9bdddf
    https://brainmass.com/business/payback-period-and-discounted-payback-period/average-collection-period-inventory-total-asset-turnover-37076

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    1) Average Collection period = 365/ (net sales/ average debtors) = we take the net ...

    Solution Summary

    The solution displays the calculations to arrive at the answers to the three questions regarding ABC fitness.

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