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.
1) Average Collection period = 365/ (net sales/ average debtors) = we take the net ...
The solution displays the calculations to arrive at the answers to the three questions regarding ABC fitness.