Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow. Net sales $250,500 Cost...
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Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow. Net sales $250,500 Cost of goods sold 179,000 Average accounts receivable 20,730 Average inventory 4,145 Average property, plant, and equipment 75,705 Average total assets 126,127 Required: Round your answers to two decimal places. 1. Using this information, calculate Rutherford's receivable turnover ratio. 2. Using this information, calculate Rutherford's asset turnover ratio and also convert the ratio into days (rounded to the nearest whole day). Asset turnover ratio Conversion into days days
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