JPJ Corp has sales of $1.48million, accounts receivable of $53,000, total assets of $4.96million (of...
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JPJ Corp has sales of $1.48million, accounts receivable of $53,000, total assets of $4.96million (of which $2.97million are fixed assets), inventory of $144,000, and cost of goods sold of $603,00. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.4%, what will its new asset turnover ratios be? What is JPJ's accounts receivable days?
JPJ's accounts receivable days are ___? (Round to two decimal places.)
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