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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 Summary

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

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

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