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

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    See attached file.

    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.

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    Solution Preview

    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.